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Nelcast is identified as a promising company with medium-term growth potential due to its strong market position in the manufacturing of ductile and gray iron castings. As of September 30, 2022, promoters owned nearly 75% of the company. Nelcast is unique in offering a wide product range from 0.5 to 400 kg and operates plants near Chennai, a key automotive manufacturing hub. This strategic location provides access to essential raw materials, including steel scrap and silica sand. Its facilities are also close to major seaports, facilitating global client access. The company serves OEMs and Tier 1 customers across various segments, including commercial vehicles and railways, which adds to the optimistic outlook for its growth.