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Incorporated in 1958, Foseco India Limited is engaged in the manufacture of products used in the metallurgical industry which are in the nature of additives and consumables that improve the physical properties and performance of castings.
Foseco India acquired a 75% stake in Morganite Crucible for Rs 638.00 Cr via a share swap, with Rs 15.43 Cr for an open offer. For the year, consolidated revenue reached Rs 643.42 Cr and net profit was Rs 74.87 Cr, impacted by Rs 21.66 Cr exceptional acquisition-related costs. A...
Foseco India and MCIL Promoters extended their Share Purchase Agreement's Long Stop Date. The deadline for completing the acquisition has been pushed back, ensuring the deal remains on track.
Foseco India Limited has disseminated its Annual Report for 2024 and convened its 68th Annual General Meeting via video conferencing, promoting transparency and accessibility for shareholders. Shareholders are encouraged to register or update their email addresses for enhanced communication. This proactive approach could strengthen shareholder relations and bolster trust in...
Foseco India Limited has announced a board meeting on February 28, 2025, where the audited financial results for the quarter and year ending December 31, 2024, were approved. Total revenue from operations stood at ₹13,647 million, marking an increase from ₹12,232 million year-over-year, translating to a growth of approximately 11.6%....
For the quarter and nine months ended 30th September 2024, Foseco India Limited reported consolidated financials, with total revenue from operations amounting to ₹14,074.81 crore, reflecting a year-over-year growth of 12.56%. This growth can be attributed to increased demand in the metallurgical products sector and effective market expansion strategies. Net...