Classic Electrodes (India) Ltd. IPO

We are engaged in the business of manufacturing of welding electrodes and providing engineering solutions to customers both in domestic and international markets. Our Company has been in existence for twenty-seven years now and provides a wide range of product offerings including General Purpose ... Electrodes, Low Alloy Electrodes, Low Hydrogen Electrodes, Stainless Steel Electrodes, Hard Facing Electrodes, Cast Iron Electrodes, Non-Ferrous Electrodes, Low Heat Input Electrodes, Cutting and Gauging Electrodes, Mig Wires etc. Read more

In 2023, the welding consumables market was valued at US$ 1.17 billion. Looking ahead, International MarketAnalysis Research Analysis and Consulting Group forecasts that the market will reach US$ 1.57 billion by 2028, with a compound annual growth rate (CAGR) of 6.1% from 2023 to 2028. The growth ... of the welding consumables sector is further aided by the rise of businesses including heavy engineering, energy, oil and gas, shipbuilding, railroads, power, transportation, and automotive, as these industries require ongoing plant construction and maintenance. As India strives to become a global manufacturing hub, the need for welding consumables would surge. Government initiatives such as the National Infrastructure Pipeline, which will invest approximately ?111 lakh crore in infrastructure from fiscal years 2020 to 2025 in sectors such as heavy engineering, roads, urban infrastructure, and railways, as well as industrial reforms such as ‘Make in India’ and ‘Atmanirbhar Bharat’, will support growth in the welding consumables sector. The Indian heavy engineering capital goods industry projected to clock a CAGR of 7-8% over FY 23-26. The industry expected to reach Rs 3300-3400 billion in size by FY26. Heavy electrical engineering, earthmoving, construction and Mining Machinery, and Process Plant Equipment are the largest segments of the industry. Read more