Deem Roll Tech Limited has commenced commercial production at its newly established Unit II manufacturing facility in Ganeshpura, Mehsana district of Gujarat, marking the completion of a major capacity expansion funded through its 2024 initial public offering. The facility began commercial operations on 2 January 2026, following the initiation of trial runs in October 2025, positioning the company to scale output and pursue higher-value product segments.
The new unit is central to Deem Roll Tech’s manufacturing and growth strategy, as the company transitions from a capacity creation phase to a market expansion phase. Of the total IPO proceeds, approximately INR 224.6 million were allocated to this expansion project.
Unit II is designed as a heavy-duty static casting hub, complementing the company’s existing centrifugal casting facility at Chhatral in Gujarat and a static casting unit in Hooghly, West Bengal. Prior to expansion, Unit II had an installed capacity of around 8,400 metric tonnes per annum. The new infrastructure includes additional production sheds, high-capacity induction melting furnaces and heavy-duty machining equipment, enabling the casting of single-piece rolls weighing up to 15 metric tonnes. The facility is focused on manufacturing spheroidal graphite iron rolls and indefinite chill rolls used in hot rolling mills for products such as TMT bars, wire rods and structural steel.
The Ganeshpura plant integrates melting, casting, machining and quality control within a single location. The upgraded setup includes dual-frequency induction furnaces for improved alloy homogeneity, deep static casting pits, and controlled cooling systems critical for producing heavy-section rolls. Downstream, the unit houses large CNC lathes capable of machining rolls up to 1,300 millimetres in diameter and six metres in length, along with specialised grinding and notching equipment. On-site quality assurance systems include spectrometers and ultrasonic testing facilities for internal defect detection in large castings.
With Unit II now operational, Deem Roll Tech is targeting higher utilisation levels and a gradual shift in product mix towards higher-margin offerings such as high-speed steel and tungsten carbide rolls. The company is also expanding its participation in export markets, where exports currently account for about 15 to 20 percent of revenue. Management has indicated a focus on the Middle East and European replacement markets, supported by the ability to bid for larger original equipment manufacturer contracts that were previously constrained by capacity limitations.
The commissioning of Unit II comes after a period of margin pressure during the expansion phase, when fixed costs were incurred ahead of revenue generation. The company expects the new capacity to improve operating leverage as volumes ramp up over the coming quarters.
Deem Roll Tech Limited manufactures steel and alloy rolls used in iron and steel rolling mills and operates three integrated production facilities across Gujarat and West Bengal, serving domestic and international steel producers.
