Hyderabad: Electrotherm (India) Ltd, a leading manufacturer of induction melting furnaces and allied equipment, has announced the launch of its innovative Modular Continuous Casting Machine meant for the ingot-making industry. The new machine, developed after extensive in-house research, is especially designed keeping in mind the specific requirements of the industry and offers a host of benefits such as saving of Rs 300 to 500 per ton on production cost of billet, low civil and installation cost, compatibility to existing plant and less space requirement. The new product is expected to add around Rs 100 crores to the annual revenue of the company.
The idea of such a manufacturing devise, better known as ECCM (Electrotherm’s Continuous Casting Machine) was conceived a few years back and its launch was much awaited by the entire ingot manufacturing industry in India. The company plans to organize a series of seminars on the benefits of this machine in all the key steelmaking hubs in the country simultaneously with the launch and the first one was organized in the steel township of Mandi Gobindgarh and Ludhiana.
Speaking about it, Mr. Suneel Kulkarni, president, E&P Division, Electrotherm (India) Ltd, said, “We have been all along concerned about the hassles of casting ingots through mould and all related problems. In line with Electrotherm’s vision and mission of providing customer centric products and technology, we conceived the idea such innovative technique a couple of years back and attempted to Indianize the casting process, which suits the needs of our clients in a perfect way.”
“Currently, we are executing a dozen such caster orders and cold trials have been perfectly successful. The first caster is expected to be commissioned in a month’s time and we are ramping up our production facilities to meet the demand. In the initial stage, we expect this innovative product to generate annual sales of around Rs. 100 crores,” said Mr. Bharat Tank, Country Head, Marketing, Electrotherm. (NSS)