ARS Group to invest Rs. 360 cr. on expansion plans

摘要

ARS Steels and Alloy International Pvt. Ltd., a producer of high quality steel products, has drawn up a Rs.360 cr expansion plan for its Gummudipoondi plant, near here, said a top executive.“We are not impacted much by the economic slowdown as we deal in premium segment of steel”. “We clocked in a revenue of Rs.220 cr for the first six months of the current fiscal against Rs.240 cr in the corresponding year ago period.”Mr. Bhatia said the company was in the process of expanding its furnace capacity from 1.4 lakh tonnes to 2.6 lakh tonnes and that of the rolling mill from 1.80 lakh tonnes to 2.5 lakh tonnes.