Mahindra Ugine Steel

Mahindra Ugine Steel (MUSCO) (BSE: 504823) is a manufacturer of specialty steel, stampings, and rings headquartered in Mumbai, India.[2] It is a subsidiary of the Mahindra Group,[3] one of India's largest industrial houses.[4]

Mahindra Ugine Steel
Public
Traded asBSE: 504823
IndustrySteel
Founded1962, Mumbai
Headquarters
Mumbai, Maharashtra
,
India
Key people
Hitesh Patel, Chairman; Somesh Jojare, Vice Chairman
Revenue₹1,342.91 crore (US$190 million) (2011)[1]
ParentMahindra Group
WebsiteOfficial Website

MUSCO has three stampings facilities located near key automotive clusters in India: Kanhe to serve the manufacturing cluster in Pune; Nashik; and Rudrapur to serve Northern India. Together, MUSCO has a total stampings capacity of 30,000 metric tons per year.[5] Its ring rolling division also has a total capacity of 30,000 metric tons.[6] It was the first steel company in India to receive an ISO 9001:2000 Certificate in 2002 and in 2005, it received ISO TS 16949 certification.[7]

History

MUSCO was incorporated on 19 December 1962 in Mumbai.[8] It began as a dealership/seller of tool, alloy, and specialty steels. In 1964, MUSCO was first listed on Mumbai Stock Exchange.

Awards
  • ISO/TS 16949 : 2002 Certification by RWTUV (Germany) in August 2005.
  • AD 2000 WO Certification of a QM System according to Pressure Equipment Directive: 97/23/EC, from RWTUV (Germany).
  • Lloyd’s Register, London for Steels used in Ship Building.
  • Well-Known Steel Maker Certification by Central Boilers Board for Creep Resistant Steel under IBR 1950.
  • Certification for Registration of In-House R&D Unit by Ministry of Science & Technologies, Government of India.
  • National Award by Ministry of Defence, Government of India for Development of Steels for Aircraft.
  • Awarded Best Alloy Plant in India by Indian Institute of Metals in 1995.
  • Vikram Sarabhai Space Research Centre for High Temperature Steels for Space Applications.
  • Hindustan Aeronautics Limited for MIG Supersonic Aircraft Components (Recipient of National Award).
  • Siemens (Germany) for High Temperature Steels for Turbines.
  • Cummins Award as "Ship To Use" Supplier.
  • Caterpillar for supply of high quality steel bars.[9]

References
  1. "Stock Share Price mahindra ugine steel coltd | Get Quote mahindugin | BSE". www.bseindia.com. Retrieved 20 October 2017.
  2. "Mahindra Ugine Steel Co". Mahindra Group. 2011. Retrieved 24 February 2011.
  3. "Mahindra Ugine eyes revival". The Hindu Business Line. 30 August 2002. Retrieved 24 January 2011.
  4. "The 20 Largest Companies in India". Rediff.com. 10 December 2010. Retrieved 18 February 2011.
  5. "Company Profile". Mahindra Ugine Steel. Retrieved 24 February 2011.
  6. "Mahindra Ugine Steel Co". Mahindra Group. 2011. Retrieved 24 February 2011.
  7. "Alloy Steel". Mahindra.com. Retrieved 24 January 2011.
  8. "Mahindra Ugine Steel Company Ltd". The Economic Times. Retrieved 8 June 2018.
  9. "Awards". Mahindra Ugine Steel. Retrieved 24 February 2011.
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