Diffusion Engineers is a leading manufacturer of welding consumables, wear plates, wear components, and heavy industrial machinery, catering to core sectors. With a wealth of experience, the company excels in providing specialized repair and refurbishment services for large machinery and equipment. They also engage in the trade of anti-wear powders, welding, and cutting machines. The wear plates they produce are integral to much of the heavy engineering equipment used across various industries, including cement, steel, power, mining, engineering, oil & gas, and sugar.

India’s welding consumables market was valued at approximately INR 46 billion in FY23, with forecasts predicting growth to INR 58-60 billion by FY26. Similarly, the wear plates market was estimated to be around INR 20 billion in FY23, with an expected compound annual growth rate (CAGR) of 8.5-9.5%, which would bring the market size to about INR 26 billion by FY26. The heavy engineering capital goods sector in India is estimated to be around INR 2650-2750 billion as of FY23, projected to grow at a CAGR of 7-8%, reaching INR 3300-3400 billion by FY26.

Diffusion Engineers produces various types of electrodes utilizing materials like tungsten, nickel, chromium, cobalt, molybdenum, niobium, and vanadium. Their special-purpose electrodes division contributed INR 38.23 crore, INR 52.95 crore, INR 37.18 crore, and INR 29.76 crore to the company’s overall revenue, representing 20.34%, 21.70%, 18.99%, and 19.54% for the periods ending 31 December 2023, FY23, FY22, and FY21, respectively. The company operates from its facility located in the Nagpur Industrial Area.