Gerdau, a leading multinational steel company, has acquired remaining stake of its joint venture partner Kalyani Steels at Tadipatri steel plant in India. The said plant has an installed capacity of 300,000 tonnes of special steels and it mainly focuses on the automotive market.
Recently, the plant had started operations of its blast furnace, melt shop, sinter plant, power plant and rolling mill.
Kalyani Steels is leading manufacturer of forging and engineering quality carbon and alloy steels using the Blast Furnace route. It is supplier for engineering, automotive, seamless tube and primary aluminium industry.
