Kalyani Cast-Tech Limited

Manufactures cargo containers and is expanding into railway wagon manufacturing from a 144-acre integrated campus being built in Kachchh, Gujarat. The core business is container manufacturing — including standard, stainless steel and foldable variants for transporting steel coils, slabs and sheets — with 15,000 containers delivered as of H1 FY26 and a ₹140 cr order book for FY26. A diversification into wagon manufacturing is underway, with RDSO-cleared specialized designs and Phase 1 capacity of 2,500 wagons per year planned to scale to 7,500–8,000 per year. The Gujarat campus is also intended to host a Gati Shakti cargo rail terminal, an inline container depot for EXIM cargo, and a steel foundry for wagon components such as bogies, couplers and wheelsets. Revenue in FY26 stood at ₹149.94 cr, with materials accounting for 68.6% of revenue and capex running at 24.5% of revenue. The customer base spans Indian Railways, container train operators and private logistics firms including DP World, Mazagon Dock, NTPC, Western Carriers and Amba Coach Builders, and a Japanese alliance signed in February 2026 with Innovation Thru Energy adds ISO IceBattery refrigerated containers to the line. The balance sheet is nearly debt-free at 0.08% debt-to-equity, with ₹170–200 cr of capex planned at the Gujarat site.