Hindalco Industries is planning to invest Rs 250 crore in a new wire-rod plant at Dahej in Gujarat. The new facility with a capacity of 2.50 lakh tonnes will take the company’s total wire-rod production capacity to four lakh tonnes from the current 1.50 lakh tonnes, the plant is likely to start the production by March 2018.
The investment is part of a strategy to enhance the contribution of value-added products to 60 per cent of overall sales from 40 per cent now. The recently commissioned wire-rod mill in Mahan pushed up copper value-added production by 80 per cent in June quarter.
Hindalco Industries is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.
Company Name | CMP |
---|---|
Hindalco | 651.90 |
Vedanta | 443.00 |
Hindustan Zinc | 563.45 |
Gravita India | 958.75 |
Ram Ratna Wires | 385.80 |
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