Rs.300 Million Steel Plant Expansion in Raigad, Maharashtra
A steel plant in Khopoli, Maharashtra, plans to increase M.S. tube production capacity from 72,000 to 1,32,000 metric tons per annum. Having doubled capacity in 2015, the current pre-project stage involves backward integration expansion by 40,000 MTPA. Anticipated for completion by Q4 FY25, the expansion incorporates a state-of-the-art cold rolling mill and steel sheet galvanizing facility, funded through internal accruals at a total Capex of ~Rs.300 million.
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