Sangam Group has started manufacturing TMT bars, which can be used in housing and construction sectors at its steel plant at Devali, near Wardha in Maharashtra. The entity has spent Rs 500 crore in Mahalaxmi TMT, its steel venture company and has drawn a capital expenditure of Rs 650 crore for its new venture.
The Group is well known name in the textile business. It is one of leading manufacturer, exporter and supplier of world-class suitings, flock fabrics and yarn from India. This Bhilwara-based company exports its premium product range to Turkey, Belgium, Spain, MiddleEast, and various other countries.