Maithan Alloys To Setup New Ferro Alloy Manufacturing Unit In West Bengal
Maithan Alloys Limited has informed that the board of directors of the company at its meeting approved to set up a new greenfield Ferro Alloy manufacturing unit in West Bengal with an estimated installed capacity of 1,20,000 MT per annum of ferro alloys.
The existing installed capacity of the company is 235600 MT per annum of ferro alloys and existing capacity utilization is around 95%. It is proposed to set up the unit within a period of 30 months with an estimated cost of Rs. 275 crores to be financed from internal accruals of the company. The rationale for setting up of new greenfield unit is expansion.