Megatherm Induction, incorporated on October 22, 2010, specializes in manufacturing induction heating and melting products like furnaces and equipment. It also produces a range of machinery for steel melt shops, including transformers and continuous casting machines, and manufactures electric arc furnaces for the steel-making industry. The company offers turnkey solutions for steel plants, encompassing design, engineering, supply, erection, and commissioning, along with after-sales services including maintenance contracts and spare parts.