Ispat 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.

While addressing media after the IIL’s 24th AGM, Mr. Parmod K Mittal, chairman of Ispat said, “We hope the investment in these projects will make us cost competitive and enable us to move up the value chain.”

Talking to reporters, Anil Surekha, Executive Director of Finance said, “Our EBIDTA magins are around 22% now. With the completion of the projects, we hope to see an EBIDTA margin of 35%.”