Megatherm Induction Ltd, originally established as Megatherm Transmission & Distribution Private Limited in October 2010, specializes in manufacturing induction heating and melting products. It transitioned from a private to a public limited company in December 2022. The company produces a range of equipment for steel melt shops, including induction melting furnaces, transformers, ladle refining furnaces, and continuous casting machines. It also provides turnkey solutions for steel plant operations, including design, supply, and maintenance services.
Megatherm began manufacturing at its Kharagpur plant in 2018 and expanded into industrial transformer production in 2021. The company is involved in setting up steel melt shops, offering comprehensive solutions to meet various steel-making needs. Megatherm Induction Ltd is planning a public offer of 4,992,000 equity shares, which may provide potential investors an opportunity to participate in its growth within the industrial and steel manufacturing sectors.
