The India Industrial Castings Market was valued at USD 4.4 billion in 2024 and is projected to reach USD 6.8 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 7.49% during the forecast period (2024-2032). This expansion is driven by India’s booming automotive production, massive infrastructure development, and rapid adoption of Industry 4.0 casting technologies across manufacturing sectors.
As India’s manufacturing sector grows under flagship initiatives like ‘Make in India’, industrial castings serve as critical components in automotive, machinery, and construction applications. In this analysis, we profile the Top 10 Companies in India’s Industrial Castings Market—leading foundries that are innovating with automation, sustainable practices, and global-quality metal component solutions.
🔟 1. Electrosteel Castings Limited
Headquarters: Kolkata, West Bengal
Key Offering: Ductile iron pipes, automotive castings, water infrastructure components
Electrosteel commands an 18% market share in India’s casting industry, with its products essential for water distribution networks and vehicle manufacturing. The company operates advanced foundries deploying automated sand casting and precision machining technologies.
Manufacturing Capabilities:
- Annual production capacity of 950,000 metric tons
- Vertically integrated from raw material processing to finished components
- 30% revenue from exports to Europe and Middle East markets
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9️⃣ 2. Bharat Forge Limited
Headquarters: Pune, Maharashtra
Key Offering: Automotive forgings, defense castings, aerospace components
India’s largest forging company has expanded into precision castings through strategic acquisitions, supplying global automotive and aerospace OEMs from its advanced foundry complex.
Technological Leadership:
- Industry 4.0 enabled die casting with IoT integration
- Tier 1 supplier for Daimler, Volvo, and Tata Motors
- 45% revenue contribution from international operations
8️⃣ 3. Tata Metaliks Limited
Headquarters: Kolkata, West Bengal
Key Offering: DI pipes, automotive castings, pig iron
This Tata Group subsidiary specializes in ductile iron components with fully integrated production from raw material processing to finished goods.
Operational Strengths:
- 300,000 MT annual production capacity across two facilities
- Zero liquid discharge wastewater management system
- 35% domestic market share in DI pipe segment
7️⃣ 4. Nelcast Limited
Headquarters: Chennai, Tamil Nadu
Key Offering: Heavy castings for construction machinery
Nelcast is a preferred supplier to global equipment manufacturers like Caterpillar and Komatsu, specializing in large-section iron castings.
Key Differentiators:
- 140,000 MT annual casting capacity
- Automated robotic pouring systems
- 40% revenue from North American and European markets
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India Industrial Castings Market – View in Detailed Research Report
6️⃣ 5. Amtek Auto Limited
Headquarters: Gurugram, Haryana
Key Offering: Automotive aluminum castings, ferrous components
Amtek serves global automakers with complete casting and machining solutions, particularly for powertrain applications.
Production Network:
- 12 manufacturing plants across India
- Advanced high-pressure die casting technology
- Supplies 60+ global OEMs and Tier 1 suppliers
5️⃣ 6. Larsen & Toubro Limited (Foundry Division)
Headquarters: Mumbai, Maharashtra
Key Offering: Steel castings for defense and power sectors
L&T’s foundry division manufactures India’s most technically demanding steel castings for critical infrastructure projects.
Quality Standards:
- 100% radiographic and ultrasonic testing
- Certified supplier for nuclear power components
- Strategic partnerships with DRDO for defense applications
4️⃣ 7. Greaves Cotton Limited (Foundry Division)
Headquarters: Pune, Maharashtra
Key Offering: Aluminum alloy automotive castings
Greaves operates one of India’s most sophisticated aluminum foundries, supporting the automotive industry’s shift toward light weighting.
EV Focus:
- Automated gravity die casting lines
- EV component specialist (motor housings, battery trays)
- 40,000 MT annual aluminum casting output
3️⃣ 8. KIC Metaliks Limited
Headquarters: Kolkata, West Bengal
Key Offering: Pig iron, DI pipe castings
KIC Metaliks maintains control over the entire production chain from raw material to finished cast products.
Operational Capacity:
- 235,000 MT annual pig iron production
- DISA automated production lines
- 25% market share in Eastern India
2️⃣ 9. DCM Engineering Limited
Headquarters: New Delhi
Key Offering: Railway castings, heavy machinery components
DCM is a key supplier to India’s expanding railway and construction sectors, manufacturing castings for high-stress environments.
Certifications:
- Approved Indian Railways vendor
- 150,000 sq.ft production facility
- ISO 9001:2015 certified quality management
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1️⃣ 10. Hinduja Foundries Limited
Headquarters: Chennai, Tamil Nadu
Key Offering: Automotive castings, agricultural equipment parts
Hinduja operates one of India’s largest integrated foundry and machining complexes supplying global vehicle manufacturers.
Quality Assurance:
- Capacity for 300,000 castings monthly
- Automated core making and sand recycling
- CMM inspection and spectroscopic analysis
🏭 Outlook: India’s Casting Industry Transforms Through Technology
The Indian industrial castings sector is undergoing rapid modernization while maintaining traditional sand casting as its backbone. Leading foundries are implementing automation, sustainable practices, and advanced materials to meet stringent global quality requirements.
📈 Key Market Shaping Trends:
- 30% growth in aluminum castings driven by automotive lightweighting
- Government’s $3.5 billion PLI scheme for auto components
- Foundry 4.0 adoption improving yields by 25% through AI defect detection
- Circular economy focus via sand reclamation systems
Get Full Report Here:
India Industrial Castings Market – View in Detailed Research Report
The companies profiled represent India’s manufacturing backbone—transitioning the nation into a global casting powerhouse through quality excellence and technological innovation.
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