Uttam Galva to commission Wardha unit by June-end
Date: 31-05-2010Uttam Galva Steel will commission the 0.5-million tonne steel plant in Wardha district of Maharashtra by the end of the current quarter. The steel facility is coming up at an estimated cost of around Rs 3,000 crore.
Uttam Galva saw its profit declining by 27 per cent to Rs 34.27 crore for Q4FY10 mainly due to tax liabilities. The company had a net profit of Rs 46.96 crore during Q4FY09. The company expects its sales and production volumes to continue rising by about 30 per cent in the current fiscal. crackcrack