Ahmedabad, May 16 (IANS) Electrotherm (India) Limited, leading manufacturer of induction melting furnaces and allied equipment, Monday announced the launch of its innovative modular continuous casting machine meant for the ingot-making industry.
The new machine, according to a company official, will help save Rs.300-500 per tonne on the production cost of billets, reduce installation cost and need less space.
The product is expected to add around Rs.100 crore to the annual revenue of the company, said Suneel Kulkarni, president of E and P division at Electrotherm (India).
Kulkarni said: 'We have been all along concerned about the hassles of casting ingots through mould and related problems. We conceived the idea of this innovative technique a couple of years back and attempted to Indianise the casting process, which suits the needs of our clients.'
The casters are designed in such a way that they can be adopted by and installed in any ingot making unit.
According to Bharat Tank, head of marketing, the first caster is expected to be commissioned within a month.