Inducto Steels

Inducto Steel Limited is an Indian public company engaged in the ship breaking business and trading activities in industrial materials like metal scrap, coals, and aluminum foil. Its guiding principle is to build a sustainable enterprise through innovation and responsibility, while exploring new opportunities to create a prosperous future for all involved. The company's governance aims to protect the long-term interests of all stakeholders by ensuring ethical and transparent business operations and strong management accountability. As its primary raw material, the company purchases old ships from the international market, which are then dismantled at its breaking yard. The main finished products are re-rollable scrap generated from this ship-breaking process, with prices linked directly to the market rates for iron and steel. The company's ship-breaking unit in Bhavnagar performed well during the 2023-24 financial year, achieving a revenue of ?8,053.74 Lakhs for the segment.;