Megatherm Induction IPO

Megatherm Induction manufactures induction heating and melting solutions utilizing electric induction technology. Incorporated in 2010, the company's product range includes induction melting furnaces, heating equipment, transformers, ladle refining furnaces, continuous casting machines, and fume extraction systems. Apart from induction equipment, Megatherm Induction also manufactures electric arc furnaces customized for alloys and steel production. The company provides solutions for steel plants, covering design, engineering, supply, erection, commissioning, and after-sales services, including maintenance contracts and spare parts. Megatherm Induction's products cater to market segments like secondary steel producers with a focus on scrap recycling and primary steel producers engaged in the conversion of iron ore into sponge iron and subsequent steel production through induction melting. The company also serves the needs of auto ancillaries, ordnance factories, railways, and DI pipe producers, along with various engineering industries involved in the production of critical parts within their captive casting, forging, and metalworking units.;