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Private Sector | Tamil Nadu - India | PID: 202644
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ARS Steels and Alloy International (ARS Group) expects to commence the operations of its expanded capacity of TMT bars by June, 2024. The Group recently received environmental clearance (EC) for its Rs 100-crore expansion project at Gummidipoondi, in Thiruvallur district of Tamil Nadu.
The Chennai-based manufacturer of TMT bars proposes to double the production capacity of furnace from 1.4 lakh tonne to 2.8 lakh tonne and rolling mill from 1.80 lakh tonne to 2.5 lakh tonne. The company hopes to close FY24 with a turnover of Rs 900 crore and attain the Rs 1,000-crore mark in FY25.
Besides, the ARS Group has unveiled a new product, ARS CRS 550D, a highly corrosion and earthquake resistant bar for all type of constructions at affordable costs. The company is planning to add 12 more technical vehicles equipped with spectrometer to undertake quality testing of TMT bars across the State, taking the total number of such vehicles to 25.
| Updated on: 19 - Mar - 2024
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