Uttam Steel to increase its capacity
According to recent news in the market, Mumbai-based steel producer Uttam Steel is planning to invest Rupees 2.5 billion ($54 million) to increase its annual cold rolling capacity to 1 million tons and
galvanized steel capacity to 700'000 tons. Moreover, the company plans to establish a facility to produce color-
coated sheets.
The capacity expansion for cold rolling plant is scheduled to be completed by March 2006.
The planned facility for
production of color-
coated sheets will have an annual
production capacity of 80'000 tons.