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
BSE: 504823
Founded1962, Mumbai
Key people
Hitesh Patel, Chairman; Somesh Jojare, Vice Chairman
Revenue1,342.91 crore (US$180 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]


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.


  • 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]


  1. ^ "Stock Share Price mahindra ugine steel coltd | Get Quote mahindugin | BSE". 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". 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". 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.

External linksEdit

  • Mahindra Ugine Steel Company to set up new manufacturing unit in Pantnagar
  • Mahindra Systech to sell stake in Mahindra Ugine Steel
  • Mahindra Ugine Steel to set up new unit in Pantnagar