What we do Tulsyan NEC Ltd is a prominent Indian manufacturer of TMT Bars, Steel products, Synthetic fabrics, and operates coal-based power plants. |
Founded in 1,947 |
Market share Leading TMT Bar producer in South India with ISI and ISO certifications, a recognized name in steel and synthetic sectors. |
Problem solved Addresses construction and industrial steel demands, offers sustainable power solutions, and supplies synthetic woven products for packaging needs. |
Top clients or who we serve B2B clients in construction, infrastructure, and packaging industries across India and select international markets. |
Key management - |
Our journey and innovations Incorporated in 1947; first licensed rolling mill in South India producing TMT bars; expanded into captive and independent power production; introduced Green Steel certifications. |
Where we operate Manufacturing units in Chennai (Ambattur & Gummidipoondi) and Bangalore; sales primarily in India with limited exports. |
Top products or what we offer TMT Bars, sponge iron, billets, ingots, PP woven sacks, FIBC, woven fabric, and power from thermal plants. |
Top brands Tulsyan Steel - first South Indian licensed rolling mill; recognized for quality and Green Steel 5-star rating. |
Raw materials needed Iron ore, coal, sponge iron, steel scrap, synthetic polymers for woven fabrics. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is cyclical with cyclical steel demand and seasonal power sales; power division transitioning to independent producer model. |
Our industry position Strong presence in South India's steel and synthetic sectors with growing footprint in power production; recognized for export and environmental certifications. |
Financial highlights FY 2024-25 revenue Rs. 868 crore; net loss Rs. 72.56 crore due to industry headwinds and finance costs. |
Geographical revenue split About 97% revenue from India and 3% from outside India. |
Order book - |
Whats driving growth Expansion under PLI specialty steel scheme, green steel certification, power division shift to IPP, and capital investments to boost capacity and efficiency. |
Our future plans Capex to increase billet and power capacity, retrofit furnaces, implement digital energy management and expand welded wire mesh production. |
Our green promise Green Steel 5-star certified, GreenPro certification, 60% energy from green sources, pursuing LEED certification and sustainability initiatives. |
Our people and values Harmonious industrial relations; committed to diversity and governance with defined policies on ethics and whistleblowing. |
Key challenges ahead Steel price volatility, high finance costs, raw material fluctuations, and adapting to regulatory changes in power and steel sectors. |
Interesting facts First South Indian licensed rolling mill with BIS certification; among early adopters of Green Steel certification in India. |
Risks and strategy Managing finance costs, restructuring power model, enhancing operational efficiency via capex, and leveraging governmental incentive schemes. |
