Gallard Steel IPO

Gallard Steel is an engineering company involved in manufacturing ready-to-use components, assemblies, and subassemblies for the Indian railways, defence, power generation, and industrial machinery sectors. Its product range includes traction motor components, bogie assembly components, sub-assemblies for thermal and hydro turbines, and cast-metal components made from carbon steel, ductile iron, grey cast iron, and alloy steels. The company also produces cradles, recoiling assembly cylinders, guide vanes, bush housings, fork systems, and high-temperature-resistant liners for various industrial applications. Its operations primarily serve heavy engineering companies, government defence units, and railway manufacturing entities. The company manufactures products at its foundry in Pithampur, Madhya Pradesh, and undertakes machining at its subsidiary Sleeploop India Private Limited (SIPL), which also operates a rebonded foam division. It has additionally set up Gallard Steel Europe B.V. in the Netherlands for future export operations.;