| Steel Tubes | Manufacture of seamless and welded steel tubes for automotive and engineering applications. | Established brand, market leader in India, deep customer relationships. | Automotive manufacturers, hydraulics, general engineering firms. | Cold drawn seamless tubes segment. | 87 | 50 | Product sales to industrial B2B clients primarily via direct sales. | Direct sales with negotiated contracts and volume-based pricing. | Demand in automotive and machinery sectors, innovation in tubular products. | Cold Drawn Seamless Tubes, Welded Steel Tubes |
| Wind Power | Electricity generation through windmills contributing renewable energy. | Ownership of windmills, early entry in renewables sector. | Electricity grid and power distribution companies (B2B). | Wind power generation segment due to low operational costs post-installation. | 4 | 2 | Sale of generated electricity possibly under power purchase agreements. | Predominantly recurring revenue from electricity generation contracts. | Renewable energy demand and government support for green energy. | Wind Energy Assets at Bhogat and Sangli |
| Others | Manufacture of cold-formed nuts and tubular components for refrigeration and fuel injection. | Technical expertise and niche product focus for critical applications. | Automotive, refrigeration, and engineering companies (B2B). | Specialized tubular components including fuel and brake lines. | 6 | 3 | Sales to B2B clients in automobile and refrigeration industries. | Direct sales and contracts based on component specifications. | Expansion into new product lines and increasing demand for critical tubular parts. | Cold Formed Nuts, Condenser Coils, Fuel Injection Tubular Components |
