Support and Resistance Levels
Past performance
About Welcast Steels Ltd Welcast Steels Ltd (WSL), incorporated in 1972, specializes in producing High Chrome Grinding Media Balls used in the cement, mining, and thermal power sectors. With a manufacturing capacity of 42,000 tons annually, the company employs an alloy-casting process followed by precision heat treatment to ensure quality products. This positions WSL as a foundry, focusing on the end application of its products. The company's market prospects are closely tied to the cement, mining, and power industries, with ongoing transitions in the mining sector from conventional forged grinding balls to High Chrome alternatives.
WSL has enhanced its manufacturing capabilities through technological upgrades and a collaboration with Belgium-based Magotteaux International, aiming to meet international standards and boost exports. Despite challenges in the Indian Cement Industry due to excess capacity, WSL continues to support both replacement and new capital expenditure needs of coal-fired thermal power plants, thereby engaging directly with the power sector.