New Delhi, Nov 29 (UNI) The expansion project of Jindal SAW Nashik Unit has been accorded the status of Mega Project by the Maharashtra government.
According to a communication received here from the company, Jindal SAW Ltd is a part of the 10 billion dollars OP Jindal Group.
Under the expansion programme, the present annual capacity of Nashik unit is being augmented from 75000T of finished tubes to 220000T of finished tubes.
The main equipment PQF mill (Precision Quality Finishing mill) with the state of the art technology is being imported from SMS Germany and other supporting equipment are being procured from the US, China, South Korea and Austria. A new cold mill is already under commissioning and the total expansion is expected to be completed by August 2008.
With the approval as Mega Project, Nashik unit will be eligible for Industrial promotion subsidy under the Package scheme of incentives, 2007. This will help the unit to be more competitive in the market since major portion of the investment gets covered with the subsidy.
The 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 like Boilers and, Hydraulic cylinders UNI BKS SLD BD1939