Mahindra Sanyo Special Steel Private Limited or formerly known as Mahindra Ugine Steel (MUSCO) is a manufacturer of specialty steel, stampings, and rings headquartered in Mumbai, India.[2] It is a joint venture of the Mahindra Group,[3] one of India's largest industrial houses and Sanyo Special Steel Co. Ltd and Mitsui & Co. Ltd from Japan [4]
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| Company type | Public |
|---|---|
| Industry | Steel |
| Founded | 1962, Mumbai |
| Headquarters | , India |
Key people |
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| Revenue | ₹1,342.91 crore (US$170 million) (2011)[1] |
| Parent | Mahindra Group |
| Website | Official 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]
History
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.
Awards
- 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]