Ispat Industries
Ispat plans to invest Rs 2000 crore
Submitted by Navjot Singh on Fri, 09/25/2009 - 06:44Ispat Industries (IIL) is all set to invest Rs 2000 crore in the next two years. The company is planning to establish a captive power plant, a coke oven battery and a pellet plant at existing plant location at Dolvi in Maharasthra.
In the mean time, the company is scheduled to invest Rs 480 crore on two power units of 55MW each. The company has set aside Rs 600 crore for a 2.4 mt pellet plant, while the huge portion of the current amount will go into a one million tonne coke oven battery worth Rs 1,100 crore.