Steelco Gujarat has received an approval to CAPEX amounting to Rs 74 crore which will be funded by infusion of funds from promoters as well as various credit facilities from banks, as may be approved by Corporate Debt Restructuring (CDR). The board of directors at its meeting held on February 05, 2016 has approved for the same.
Steelco Gujarat principal activity is to manufacture cold rolled steel and galvanized steel. The products include cold rolled steel coils/sheets, hot dip galvanized steel coils and plain corrugated sheets.