The DCM Group set up a Grey Iron Foundry in 1977 at Village Asron, District Shaheed Bhagat Singh Nagar (Punjab), with a capacity of 17000 MTPA (Metric Tons Per Annum) as Division of DCM Limited. Capacity of this foundry was increased to 35,000 & 50,000 MTPA in the year 1994-95 & 2005-06 respectively. This capacity was further increased to 72,000 MTPA.
DCM Engineering was supplying castings across all segments in automotive market: car, multi-utility vehicle, tractor, light commercial vehicle, heavy commercial vehicle and earth moving equipments. In domestic market DCM was associated with top automotive players: Maruti Udyog, Hyundai Motors, Mahindra & Mahindra, International Tractors Limited, Ashok Leyland, Eicher Motors, Escorts, Swaraj Mazda, JCB India, Force Motors, Simpson & Co. and many more. In the past, It was also associated with international customers includes GM-Daewoo, Korea; General Motors, USA; Perodua Perkins Motors(Subsidiary of Daihatsu Motor Co., Japan), Malaysia; and Hepworth Heating, UK.
DCM Engineering houses two high-pressure molding lines with press pour, state of the art tooling & designing facility in addition to other supporting processes and equipments at its Ropar plant.
DCM Engineering continued to remain a leading player in its field. This was the case till labour disturbances started some years ago.
Due to continued situation of industrial unrest at Engineering Division of the Company, the management of the Division had recommended to declare a lockout. The Board of Directors of the Company in their meeting held on October 21, 2019 had accordingly approved the declaration of lockout at its said Business Undertaking w.e.f. October 22, 2019. Presently, this matter remained sub-judice before the labour authorities.
Further, the Board of Directors of the Company in its meeting held on November 28, 2019, have approved a composite scheme of arrangement (‘Scheme’) for transfer of said Engineering Business undertaking to its wholly owned subsidiary namely DCM Engineering Limited (formerly known as DCM Tools and Dies Limited) to facilitate the strategic investment in said business. However the Company could not file the said scheme before Hon’ble National Company Law Tribunal (NCLT) for seeking its approval under Section 230 – 232 of the Companies Act, 2013 awaiting in principle approval of secured lenders (Banks) due to default in payment of their dues. Pursuant to repayment of dues of all the banks, the Company is in process of taking necessary steps in this regard.
