| Heavy Engineering for Railways | Components like traction motor parts, bogie assemblies, suspension tubes for Indian Railways. | Regulatory approvals and Class A foundry status create a competitive moat. | B2B clients including Indian Railways and associated manufacturers. | Specialized traction motor components and control arms. | 30 | 56 | Sales of manufactured components under supply contracts. | Contract and order-based pricing. | Railway modernization and electrification projects raising component demand. | |
| Defence Components | Cradles, recoiling assembly cylinders and steel castings for defence production units. | Exclusive technical approvals for defence parts production. | B2G including Indian defence production units. | High-specification steel castings. | 10 | 19 | Sales to government defence manufacturers. | Contract-based with technical compliance requirements. | Government defence manufacturing expansion. | |
| Power Generation & Industrial Machinery | Sub-assemblies for thermal and hydro turbines; high-temperature liners for industrial equipment. | Specialized manufacturing capability and material expertise. | B2B heavy engineering sector. | Proprietary sub-assembly solutions. | 13 | 25 | Sales to heavy engineering companies. | Order-based supply agreements. | Growth in thermal and hydro power projects driving turbine component demand. | |
