Thaai Casting Limited, a recognized name in precision engineering and pressure die casting, has announced new orders totaling ₹154.14 crore, expanding its order book to ₹386.83 crore. The contracts involve both automotive and non-automotive product supply, aligning with India’s booming demand for sustainable and advanced engineering solutions.

Project Scope and Contract Details

The new contracts, spread over 60-80 months, underscore Thaai Casting’s capacity to deliver high-quality components for varied applications, especially in sectors focused on energy efficiency. These contracts cover:

1. Automotive and Non-Automotive Components: Thaai Casting's expertise in pressure die casting, precision machining, and induction heating has enabled it to diversify its offerings.
2. Long-Term Maintenance and Quality Assurance: These orders build on the company’s commitment to quality, technological advancements, and reliability for long-term customer satisfaction.
3. Revenue Potential: With a significant order book, Thaai Casting is well-positioned for a robust revenue pipeline in the years to come, driven by rising demand in automotive and allied industries.

Strategic Focus and Growth in the Precision Engineering Sector

According to Managing Director Mr. Sriramulu Anandan, this order represents confidence in Thaai Casting's capabilities to support India's manufacturing expansion. The company has a long-standing reputation for quality and innovation, catering primarily to the automotive segment, which comprises 60% of its revenue. The remaining 40% comes from non-automotive sectors, reflecting its diverse growth strategy.

Financial Performance and Market Position

Since its IPO on the NSE Emerge platform in February 2024 with an issue size of ₹47 crore, Thaai Casting has achieved impressive financial milestones. In FY24, it reported:

• Revenue: ₹90.69 crore
• EBITDA: ₹26.49 crore
• Profit After Tax (PAT): ₹13.70 crore

The company’s strong order inflow, combined with its focus on innovation and expanding market presence, highlights its capacity to scale production and meet evolving industry needs.

Industry Outlook and Future Prospects

India’s automotive and manufacturing sectors are shifting toward sustainable and technologically advanced components, presenting significant opportunities for companies like Thaai Casting. The expansion of its order book reinforces its leading position in the precision engineering landscape and its readiness to support industry needs for high-performance, energy-efficient components.

In conclusion, Thaai Casting Limited’s recent success in securing substantial contracts further solidifies its position in the automotive and engineering industries. With continued emphasis on innovation, quality, and customer satisfaction, the company is on track for sustained growth, meeting both national and global standards in engineering excellence.

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