Engineering | August 2012
Steel makers line up expansion plan
It is learnt that steel makers like JSW Steel, BMM Ispat and Kalyani Steel has planned to expand its production capacity. The move to expand capacity comes despite the recent decision of the Supreme Court to limit iron ore production at 30 million tonne per annum in Karnataka. During the recent Global Investors' Meet (GIM 2012) organised by Karnataka government as many as eight companies have signed MoU to make a combined investment of Rs 91,782 crore in the iron and steel sector in Karnataka.