Power List – Walchandnagar Industries

Walchandnagar Industries has been following a business model of both – EPC & heavy engineering manufacturing, for years. However, looking into the demands in the country and its own strengths, the company has re-vamped its business model by exiting the EPC business and concentrating mainly on manufacturing activities in the heavy engineering area.

This shift in approach has resulted in the company improving its performance and the team coming up with innovative ideas in the manufacturing arena which has helped the company gain recognition as a leader in heavy engineering manufacturing. Innovation in an on-going business scenario. It is more of a function cause by disruptive changes which the Industry has been witnessing aplenty in the last 1-2 years. The use of metals is definitely going to taper down with the advent of newer alternatives like composites and it will be imperative for a company like Walchandnagar Industries to enter into this area.

Today, the DNA of Walchandnagar Industries is DNA – Defence, Nuclear and Aerospace, and in order to keep themselves abreast of these segments, the company is carrying out much innovation in production engineering, while simultaneously carrying out technology management. On the whole, the coming few years will definitely bring a lot of business challenges and growth in the manufacturing sector. In September, it secured an order worth Rs 77.20 crore from the Vikram Sarabhai Space Centre of ISRO. The order is towards manufacturing and supply of head, middle and nozzle end segments for the GSLV M KIII launch vehicle.