Ankit Metal & Power’s board has approved further capacity expansion of its Pellet Plant from 6,00,000 MT per annum to 12,00,000 MT per annum. For further expansion of Business, the company management proposed to incur a CAPEX for a new pellet plant to cater to the ever growing demand of iron ore Pellets in the domestic and international markets created by favorable polices announced for the Steel Sector by Government of India. The Board of Directors in their meeting held on November 13, 2021, approved the same.
Ankit Metal & Power started with a view to set up an integrated steel plant with facilities to manufacture sponge iron, pig iron, MS ingots and billets, pellets, and finally variety of superior quality rolled products along with a captive power plant.
