AIA Engineering bags $33m Chile order, eyes 30,000 tons annual growth

AIA Engineering Limited reported Q2 FY26 sales of 63,000 tons, contributing to a half-year total of 123,000 tons, leading to a topline of Rs. 1,029 crores and an EBITDA of Rs. 395 crores, with a profit after tax of Rs. 277 crores. The company secured an 18-month contract in Chile for 22,000 to 23,000 tons of hi-chrome grinding media, valued at $33 million. This marks a crucial entry into the South American copper market and is expected to contribute 3,000 to 4,000 tons in Q4 FY26.

The company anticipates an annual volume growth of at least 30,000 tons from FY27 onwards, driven by its new "liner-plus-grinding-media" solution. This integrated offering aims to enhance throughput and reduce operating costs for customers, differentiating AIA Engineering from competitors focused solely on pricing. Current capacity utilization is approximately 55%-60%, and the company plans an average annual CAPEX of around Rs. 150 crores for future investments and capacity expansion, including new facilities in Ghana and China.