Arjas Steel (formerly Gerdau steel India) on Wednesday announced to increase annual production capacity of its two plants located at Tadiparti (Anantapur District, Andhra Pradesh ) and Mandi Gobindgarh (Punjab) to 5.50 lakh tons with an investment of Rs 610 crores.
Currently, the Andhra plant capacity was 3 lakh tons per year while the Punjab plant production capacity was 100,000 tons per year, the company said in a release here.
To increase capacity by 37.5 per cent, the company will invest around Rs 350 crore in Tadipatri plant while Rs 260 crore in Arjas Modern Steel in Punjab.
“The capacity expansion works were already started and to be completed in 2025.
These investments will debottleneck capacity, modernize for improved product quality and add substantial value-adding downstream facilities” said Arjas Steel MD Sridhar Krishnamoorthy.
The Company has developed various Carbon, Alloy and Micro-alloy steels in profiles like Rounds, Round-cornered Squares, Hexagonal Bars and Flat Bars for critical applications in the Automotive, Energy, Defense, railways and other growing sectors of the Indian economy.
The increased capacity targets to meet the rising demand from these sectors.
