SS Forgings to invest Rs 200 cr in sponge iron project in MP

New Delhi, Aug 8 (UNI) SS Forgings and Engineering Ltd today said it is plans to invest Rs 200 crore in Sponge Iron project at Gwalior in Madhya Pradesh by end of 2008.

The project will involve the structural steel creating the infrastructure and value addition, a company statement said.

The funds will be created from the bank and group companies for the purpose, it added.

SS Forgings and Engineering is engaged in the business of manufacturing and trading of forged items.

UNI AK MP BST1645