Mukand Limited (formerly Mukand Iron & Steel Works Limited) is an
India
India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...
-based manufacturer of
stainless steel
Stainless steel is an alloy of iron that is resistant to rusting and corrosion. It contains at least 11% chromium and may contain elements such as carbon, other nonmetals and metals to obtain other desired properties. Stainless steel's corros ...
,
alloy steel
Alloy steel is steel that is alloyed with a variety of elements in total amounts between 1.0% and 50% by weight to improve its mechanical properties. Alloy steels are broken down into two groups: low alloy steels and high alloy steels. The differe ...
, and stainless steel billets, and is an exporter of hot rolled bars. The company manufactures iron and steel products, steel castings, steel structurals, Electrical Overhead Travelling (EOT) and other
cranes, and other industrial machinery. Mukand Ltd is part of the Bajaj Groups of companies. It makes India's largest gantry crane, with an 80-tonne capacity and 60-metre span, with monobox girder and underslung trolley.
History
Mukand was established in 1929 in
Lahore
Lahore ( ; pnb, ; ur, ) is the second most populous city in Pakistan after Karachi and 26th most populous city in the world, with a population of over 13 million. It is the capital of the province of Punjab where it is the largest city. ...
by
Seth Mukand Lal
Seth,; el, Σήθ ''Sḗth''; ; "placed", "appointed") in Judaism, Christianity, Islam, Mandaeism, and Sethianism, was the third son of Adam and Eve and brother of Cain and Abel, their only other child mentioned by name in the Hebrew Bible. Ac ...
. It was later acquired by
Bajaj and moved to
Mumbai
Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...
in 1937. A steel plant at
Kalwa, Thane
Kalwa (Pronunciation: əɭʋaː is a city situated near Thane in Thane district, in the State of Maharashtra, India. The nearest railway station is the Kalwa railway station on the Central Line of the Mumbai Suburban Railway. Previously, Kal ...
commenced operations in 1965. It was renamed to Mukand Ltd from Mukand Iron & Steel Works Limited on 23 March 1989.
It also operates a steel plant in Ginigera of Hospet district in collaboration with Hospet Steel.
References
Manufacturing companies based in Mumbai
Steel companies of India
Manufacturing companies established in 1937
Bajaj Group
Indian companies established in 1937
Companies listed on the National Stock Exchange of India
Companies listed on the Bombay Stock Exchange
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