more-inARS Steels and Alloy International Pvt. “We will double the capacity of furnaces from 1.2 lakh tonne to 2.5 lakh tonne and rolling mill from 1.8 lakh tonne per annum to 2.3 lakh tonne per annum,” said Ashwani Kumar Bhatia, managing director, ARS Steels and Alloy International Pvt. Ltd. “The expansion is scheduled to be completed by March 2019.”Funds for the modernisation-cum-expansion programme will be met mostly through internal accruals. About ₹20 crore would be spent on automation and expansion at rolling mill and balance on furnaces. It plans to touch ₹750 crore in revenues by March 2020 of which ₹250 crore will come from thermal power plant.

Source: The Hindu January 20, 2018 14:40 UTC