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Monnet Ispat To Expand Pellet Plant Capacity In Chhattisgarh Unit
2019-06-04 Announcements Metallurgical Industries Western India
Monnet Ispat And Energy Limited has informed that the board of directors of the company at its meeting approved the proposal for expansion of capacity of Pellet Plant of the Company located at Raigarh, Chhattisgarh, from existing 2.00 MTPA to 2.50 MTPA by incurring capital expenditure of Rs. 21 crore. The fund will be borrowed from banks. The proposed capacity addition will be completed in 10 to 12 months.
The proposed expansion of the production capacity of the Pellet Plant is expected to help the Company to reduce the cost of pellet production per ton, at Raigarh plant and to improve sales volume.