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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.

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