Breaking News

You are here » Indian-Commodity  :  Top News  :  Maithan Alloys to setup new greenfield Ferro Alloy manufacturing unit in West Bengal

02-May2018

Maithan Alloys to setup new greenfield Ferro Alloy manufacturing unit in West Bengal

Maithan Alloys has received an approval to setup 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 Board of Directors of the company at its meeting on April 30, 2018, approved the same.

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 crore to be financed from internal accruals of the company. The rational of setting up of new Greenfield unit is expansion.

Maithan Alloys is a holding company. The company is engaged in the business of manufacturing and exporting of all three bulk Ferro alloys, including Ferro Silicon, Ferro Manganese and Silico Manganese, and has a captive power plant.


Related News

View all news

Turmeric futures trade higher on NCDEX

Turmeric futures traded higher on NCDEX with widening of portfolios by market participants due to improving physical demand for the crop. However, expectation of increase in fresh arrivals at the spot......

Physical Rubber prices witness firmness on Monday

Physical Rubber prices showed firmness on Monday due to ongoing supply crunch in the domestic market and on expectation of a pick-up in demand from tyre manufacturers. Spot prices for RSS-4 variety rose......

Gold futures edge up on MCX

Gold futures edged up on MCX as speculators built up fresh positions on the back of a firming trend in the global markets as the dollar languished near two-week lows on growing expectations that the Fed......

Top News

View all news

Ladam Affordable Housing to enhance limits of Corporate Guarantee given to AU Small Finance Bank

Ladam Affordable Housing has decided to enhance the limits of Corporate Guarantee given to AU Small Finance Bank from Rs 15 crore to Rs 18.5 crore for the purpose of financing the business/ business related......

Govind Poy Oxygen planning to enter into lease agreement

Govind Poy Oxygen is planning to enter into Lease Agreement with Babaso Anandrao Budhale, for lease of land and building for the use of the company and agreement with Nasik Oxygen Company, to give machinery......

RIL's telecom arm terminates agreement with Reliance Communications

Reliance Industries' (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has terminated Master Agreement and Spectrum Trading Agreement executed between the company and Reliance Communications and its affiliates......