Steelmaker Ispat Industries Limited is planning to
expand overseas through capacity expansion and backward
integration. It will also invest about Rs10,000 crore
within five years to ramp up its domestic production.
Limited (IIL) and its parent company global steel holdings
are working on plans to expand operations both in India
and overseas. We would be ramping up our production at
Dolvi plant near here from 3 mt to 3.6 mt per annum,"
IIL executive director, finance, Anil Surekha said.
said the company''s domestic expansion plans include building
a 1 million tones per annum (MTPA) coke oven plant and
4.5 MTPA coke pellet plant (likely in Visakhapattanam).
said Rs3,000 crore would be required for ramping up Dolvi
plant''s capacity from 3.6 mt to 5 mt by 2011-12. IIL''s
proposed 2.8 mt plant in Jharkhand would require an investment
of about Rs5,750 crore, he added.