Nelcast, today, November 25 announced that the company had reduced production at Gudur and Ponneri plants on account of mounting inventories of castings, due to low production of commercial vehicles and tractors. 

The company disclosed that this would continue for some time until the demand for commercial vehicle and tractors picks up.

Established in 1985, Nelcast has since been a significant and diligent participant in the ferrous casting industry, producing superior quality castings.

Shares of the company gained Rs 0.45, or 1.59%, to settle at Rs 29. The total volume of shares traded was 451 at the BSE (Tuesday).