News & Events

Break The Mold

Magna is always making news in innovation, new product development and manufacturing. Please check here for latest updates:

✨Magna Mastercast: Where every casting reflects excellence✨

July 14, 2025

Magna Mastercast – Celebrating mastery in castings with the Accelleron Supplier Award 2024! 🌟 This Award recognises our commitment to excellence in delivering high-quality products and services.✅

This honour was presented by a delegation of Accelleron officials Mr.Sebastian Rohland, Global Category Manager (Iron Casting), 𝗠𝗿.𝗡𝗶𝘀𝗵𝗲𝘀𝗵 𝗦𝗵𝗮𝗵,during their recent visit to our manufacturing facility, making the occasion even more memorable. The award reflects our continued focus on operational excellence, product integrity, and customer satisfaction.🙏

We extend our sincere thanks to the Accelleron team for this recognition and to our employees whose dedication and expertise made this achievement possible.

We also extend our sincere gratitude to all our customers and partners for their continued trust and support.🌍

🎉 Commissioning of Third Moulding Line Project✨

June 30, 2025

We are happy to announce the successful commissioning of our Third Moulding Line (Sinto Line) project on 27.06.2025. This is a major milestone in boosting our production capacity and reinforcing our commitment to innovation and excellence.🚀

With this enhanced capacity, we are now in a portion to satisfy global customer requirements and are excited to serve new potential clients as well.📈

📽️ Here’s a glimpse of production in the Sinto Moulding Line :https://youtu.be/pNkKdmgp1v8

We extend our sincere gratitude to all the teams and stakeholders whose dedication and planning made this possible.🤝

FY 2024–25: Magna delivers growth 📊 and shares success 🎁

June 9, 2025

At Magna Electro Castings Limited, we believe that true success lies not just in numbers, but in how we uplift our people and deliver on our promises.🤝

We are happy to announce that Magna has achieved a turnover of ₹176 Crores for the Financial Year 2024–25, reflecting an impressive 23% growth📈 over the previous financial year with a Profit After Tax (PAT) of ₹23 Crores, 53% increase from last FY.

In recognition of this performance, the Board has recommended a dividend of 60% 💰 on face value for the FY2024-25.

At MagnaMasterCast, we continue to walk the talk when it comes to valuing our people 👥. We are pleased to announce a 40% annual profit-sharing (Annual Bonus) for our employees with disbursal beginning from 9th June, 2025 to support educational expenses for employees’ children.🎓

We thank all our stakeholders🙏 — Employees, Shareholders, Bankers, Government Authorities, Suppliers and Customers — for being an integral part of this journey. At MagnaMasterCast, we don’t just cast metal — we cast values, trust, and future!

🚀 Onward and Upward: Third Moulding Line Trials Officially Underway!

May 26, 2025

We are pleased to announce that trials for our Third Moulding Line project, Sinto, have commenced. ✨

This trial marks a significant step forward in the starting up of our new sand plant, moulding machine, mould handling system and auto pour. We were honoured to have Mr. Alex Perez-Sandi, Vice President and General Manager, Mr. Rishabh Sinha, Director of Product Management and Mr. Janakiraman S, Manager Category Procurement – Castings, India Region from Caterpillar Inc formally flag off this milestone event 🎉, recognizing and leading its successful launch.

Over the next two weeks of trials, our focus 🔍 will be on:

Establishing sand quality
Ensuring moulding consistency
Optimizing mold handling operations
Integrating and validating the auto pouring system

This advancement sets the stage for a major expansion and high-quality production readiness. 👏 Kudos to the entire team #MagnaMastercast for their efforts in bringing this complex system online!

📢 Stay tuned for more updates as we continue our journey of innovation and operational excellence !