Rudra Global, engaged in various businesses like Ship recycling, oxygen plant, Induction Furnace, Re-rolling mill with a group turnover around 1000 crore per annum, has also established a subsidiary Rudra Aerospace &Defence to enter in this hot space in a big way. Through this venture the company aims to be a part of Government of India’s MAKE IN INDIA initiative and contribute to fast developing technologically advanced engineering goods category.
The subsidiary aims to venture in precision and investment casting solutions and aims at delivering high quality, complex components with superior surface for businesses seeking superior casting solutions. The company already caters to infra needs of industries across the sectors like Engineering Goods, Infrastructure, Pharmaceuticals, Petrochemicals and government Bodies. So now the company products belong to Real Estate and Infra space and in both demand is increasing.
Rudra Group has considerable presence in ship recycling industry, steel industry as well as investment casting industry. Iron and steel being the core commodity around which all three businesses are based, it enjoys huge competitive advantage vis-à-vis its peers. Having integrated and related businesses helps it to strengthen market position, improve operational efficiency and enhance customer satisfaction.
Financials
This story is from the July 2024 edition of Indian Economy & Market.
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This story is from the July 2024 edition of Indian Economy & Market.
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