Maithan Alloys subsidiary - Anjaney Alloys has successfully commissioned two furnaces of 18 MVA each for manufacturing of ferro-alloys and thereby has concluded the first phase of the project. The commercial production has commenced and dispatches are currently in progress at the plant which is located at Andhra Pradesh Special Economic Zone at Atchutapuram near Vishakhapatnam in the Andhra Pradesh state.
Further, the second phase of the project of setting up another two furnaces of 18 MVA each for manufacturing of ferro-alloys is in full swing and is scheduled to be completed in the first quarter of 2012-2013.
Maithan Alloys manufactures various grades of ferro manganese, silico manganese and ferro silicon products. It derives 45% of revenues through exports to European and Asian countries. Maithan’s manufacturing units are located in Kalyaneshwari, West Bengal and Byrnihat, Meghalaya, with a combined ferro alloy capacity of 64 MVA, which can produce more than 115,600 MTPA.
