GTV Engineering Ltd – Company Report
1. Company Overview
GTV Engineering Ltd, established in 1990 and headquartered in Mandideep, Bhopal, Madhya Pradesh, is a prominent Indian company specializing in heavy engineering, fabrication, and machining services. Operating from a 12-acre facility in the Mandideep industrial area, GTV has built a solid reputation over three decades, serving core industries such as power, steel, cement, and mineral processing.
Known for its exceptional customer service ethos—“Once a customer, always a customer”—the company boasts 100% customer retention and 0% attrition, reflecting a highly stable management and skilled workforce. GTV is positioned for accelerated growth under India’s “Make in India” initiative, with ongoing expansions to support increasing domestic and global demand.
- Incorporated: December 4, 1990
- Headquarters: Mandideep, Bhopal, Madhya Pradesh
- Facility: 12 acres | 55,000 sqm open yard | 12,500 sqm covered area
- Infrastructure: CNC-equipped shops, EOT cranes (up to 150 tons)
- Core Focus Areas: Heavy engineering, steel fabrication, hydro power, flour milling
- Major Clients: BHEL, SIEMENS, HOWDEN, XYLEM, NTPC, NHPC, L&T
2. Products and Services
GTV Engineering Ltd offers a wide range of customized industrial engineering and fabrication services, including:
Heavy Steel Fabrications & Machining
- Fabrication for thermal/hydro power plants and cement/steel sectors
- Transformer tanks, air pre-heaters, hydro turbine casings, generator bodies, ducting systems
Industrial Components
- Wagon tipplers, silos, stacker reclaimers, radial gates
- Stay rings, spiral casings, draft tubes, discharge elbows
- Custom machine assemblies and structures from complex engineering drawings
Machinery & Turnkey Solutions
- Complete systems for hydro and thermal power generation
- Tailored solutions from individual parts to full industrial units
Core Industry Verticals
- Power: Thermal and hydro
- Cement & Steel: Structural and mechanical components
- Mining & Minerals: Material handling and abrasion-resistant parts
3. Recent News and Business Developments
Major Orders and Contracts
August 30, 2025:
- GTV Engineering announced that it has received a letter of intent worth ₹17.46 crore from a domestic client for the manufacture and supply of four mill static parts, a separating wheel and a gap-type seal.
June 27, 2025:
- Received Letter of Intent from Gebr. Pfeiffer (India) Pvt Ltd for manufacturing 5 sets of static parts (separating wheels, seals, water nozzles)
- Order Value: ₹14.51 crore (excl. GST) | Timeline: 8 months
- Clients to include JSW CM, Saint Gobain GC, Gold Crest KHD, Wonder RM, KM
June 18, 2025:
- ₹2.19 crore order from Metso India for pelletizing disc assemblies for a steel plant in Minnesota, USA
- Delivery Timeline: 7 months
Ongoing Developments
- Launch of a new industrial product line (July 2025)
- Continued investments in CNC machinery and fabrication capacity
- Strong growth pipeline from domestic infrastructure projects and global clients
4. Financial Performance (FY2025)
| Metric | FY2025 |
|---|---|
| Total Revenue | ₹102.95 crore |
| Net Profit | ₹11.05 crore |
| EBITDA | ₹16.35 crore |
| Net Profit Margin | 10.7% |
| EBITDA Margin | 16% |
| EPS | ₹2.35 |
| Dividend Payout % | 3% |