Nashik, Nov 22 (UNI) The state government has accorded the status of ''Mega Project'' to the expansion project of Jindal Saw Nashik unit recently.
Jindal Saw is part of the Rs 20,000 crore O P Jindal group and specialises in the manufacture of seamless tubes and submerged arc welded (SAW) pipes.
Jindal Saw Nashik unit, situated in the Sinnar Malegaon MIDC, is engaged in the manufacturing of seamless tubes for application in petroleum sector, automotive sector and numerous other segments, a company press release here said.
Under the expansion programme, the present annual capacity of Nashik unit is being augmented from 75000T of finished tubes to 220000T.
The main equipment, Precision Quality Finishing mill, is being imported from SMS Germany and other supporting equipments are being procured from USA, China, South Korea and Austria, the release said.
A new cold mill is already under commissioning and the total expansion is expected to be completed by August next year, the release said.
With the approval as Mega Project, the Nashik unit will be eligible for industrial promotion subsidy under the package scheme of incentives, the release added.