Kamdhenu Ispat is eyeing to clock Rs 10,000 crore revenues in next three years on expectation of robust sales of its latest TMT product. The company hopes that its new product will be able to contribute Rs 1,000 crore to the topline in the first year, Rs 1,400 crore in the next year and Rs 4,000 crore from the third year onwards.
The company currently manufactures around 15 lakh tonnes (LT) of TMT bars and 4 LT of structural steels, mainly through franchises. It has already begun producing such TMT bars in a couple of plants including at company-owned plant in Rajasthan and will gradually increase the quantity, depending on the demand.
Presently, the company has more than 50 franchise manufacturing units and 3,500 dealers and distributors across the country. It would be investing about Rs 150 crore for up-gradation of plant and machinery and supply chain jointly with the franchise manufacturing units.
