Foseco Crucible (India) Ltd

Foseco Crucible (India) Limited was initially incorporated as Morganite Crucible (India) Limited on January 13, 1986. Morganite Crucible (India) Limited is a subsidiary of Morgan Advanced Materials Plc., a global pioneer in advanced material technology and innovative solutions worldwide. The Company dates back to 1856 when six Morgan Brothers began manufacturing their patented graphite crucibles in Battersea, now part of London, England. Pursuant to the change in promoter shareholding and the Company's alignment with the Foseco Group, the name of the Company was changed from Morganite Crucible (India) Limited to Foseco Crucible (India) Limited on February 9, 2026. The Company is primarily engaged in the manufacture and selling of silicon carbide and clay graphite crucibles and its accessories. Earlier, Company was marketing Morganite's crucibles in India, when it started manufacturing 600 tpa silicon carbide crucibles using resin bonded technology at Waluj, Aurangabad in 1987. It went public in Aug.'87. The British collaborator holds a 28% stake in the company. During 2010, the Company completed and capitalized in its books the expansion/modernisation of its plant to Rs. 172.28 Lacs for increasing the production capacity and initiated the proceedings for expansion of production capacity to the tune of 6500 MT PA. During 2011, the Company completed and capitalized in its books the expansion/modernisation of its plant to Rs. 284.18 Lacs. It started diversifying activities such as trading and manufacturing of Foundry Consumables and refractory materials for which company has started first phase of testing and development foundry lubricant i.e. Die lube. During 2012, the Company completed and capitalized in its books the expansion/modernisation of its plant to Rs. 173.28 Lacs. During 2013, the Company completed and capitalized in its books the expansion/modernisation of its plant to Rs. 388.48 lacs. During the year 2017-18, the company purchased 49% stake of Diamond Crucible Company Limited (DCCL) from Terrassen Holdings Limited in the month of July, 2017 resulting in DCCL became wholly owned subsidiary of Company. Accordingly, the Company approved from the National Company Law Tribunal, (NCLT) Mumbai bench the Scheme Amalgamation between Diamond Crucible Company Limited and Morganite Crucible (India) Limited of both the Companies on February 22, 2018 from an appointed date of October 1, 2017. During the year 2018, the Board of Directors of Company approved expansion of clay graphite products at Aurangabad site. In year 2020, the Company discontinued the operations of Mehsana Plant w.e.f. February 1, 2020 and relocated the Mehsana Plant to Aurangabad. Further, as part of Project Avatar Phase II and considering synergy, cost optimization and further focus on product development, the members of the Company December 02, 2019 approved transfer of Mehsana Unit business by way of shifting of plant and machineries to Aurangabad Unit, Maharashtra. In 2020-21, the Company completed installation of high temperature Kiln, shifting of LPG yard to new location, replacement of fire hydrant system, installation of sprinklers in the factory premises, administration building construction and shifting of remaining plant and machineries from Mehsana to Aurangabad site. It signed Power Purchase Agreement (PPA) with Amplus Solar for installation of 835 kWp at Aurangabad site and completed Phase-I installation of 540 kWp. It also signed Net Metering Agreement with MSEDCL for getting continuous benefit of subsidy from MSEDCL. A new Vacuum Impregnation (VI) System, engineered for impregnating crucibles up to size BG1525, was installed and commissioned in 2024. It established a pilot manufacturing line for lithium-ion battery (LiB) Saggar Pilot Line- critical ceramic containers used in LiB material processing in FY 2025 During the year 2025-26, MCL and MT BV, the erstwhile promoters of the Company, sold their shareholding to Foseco India Limited, making it the new promoter of the Company.