Chandigarh, May 17 (UNI) After the much-celebrated launch of its new brand of TMT steel 'Dev Bhumi TMT Saria' last year, Nalagarh Steel Rolling Mills Private Limited has announced to set up a yet another rolling mill at Nalagarh in Himachal Pradesh soon to meet the ever growing demand of its TMT steel products.
While announcing the expansion plans of company within 15 months of the launch of its previous ultra modern and state of the art rolling mill at Nalagarh in January 2007, Mr Ravinder Bansal, Managing Director, Nalagarh Steel Rolling Mills (P) Limited said that the ISO 9000: 2001 company will soon be starting another rolling mill within next month with an investment of 5 crore to boost up its existing capacity.
While briefing media on the company's performance during the last one-and-a-half-year, Mr Bansal asserted that the group turnover for the financial year ending March 2008 alone was a whopping 175 crore as against an estimated turnover of 125 crore.
''The quantum leap of over 50 crore in turnover in just one year coupled with the fact that demand of TMT and TOR grade steel manufactured by company including the recently introduced structurals like angles, channels and patties have increased manifold in the market have led us to enhance our capacity with another rolling mill'', he said.
Mr Bansal said that with the uniform quality parameters followed in the automatic Nalagarh plant, Dev Bhumi meets Fe 415, Fe 500 standards in TMT steel. The existing capacity to produce over 6000 metric tones of steel per month will be tremendously jacked up with the new rolling unit in place.
Nalagarh Steel Rolling Mills ventured in steel manufacturing in 2003 after having entered the market as a steel trading concern way back in 1980 and is now set to take the steel manufacturing industry by storm by upgrading and updating its existing capacities and facilities with each passing year, he asserted.
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