Valve

The market requirement is characterised by high volume, medium complex, medium material grade castings which can be positioned second or closer to the pump market. Due to its most visible nature, the market is more or less tapped by low cost producing nations and is also under high competition. Moreover many global majors have already set up their shops in India for sourcing/processing of casting which is not very attractive as the international sales. However we realize that most jobbing foundries in India needs this market to survive due to high tonnage available and we have captured our world class Indian customers. Almost 40% of our product share is for this market. We are yet to tap the international valve market which we need to aggressively look upon. We intend not to increase our product share for this market but rather find space by reducing the domestic customers in this sector.