Usha Martin plans ₹1,200 crore expansion in Jharkhand

Usha Martin Limited announced a ₹1,200 crore (approx. USD 270 million) investment to enhance power and mining facilities in Jharkhand, aiming to increase overall production capacity to 1 MTPA. The company also completed a ₹3.1 billion modernization at its Ranchi plant, adding 2,000 tons per month of wire rope capacity, and plans a further ₹1.6 billion investment for wire and strand production.

“Usha Martin Limited has announced plans to invest Rs.1,200 crore (approximately USD 270 million) to enhance its power and mining facilities in Jharkhand, to increase its overall production capacity to 1 MTPA.”tradebrains.in

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• tradebrains.inSteel stock in focus after it announces ₹ 1,200 Cr capex for company's expansion and growth - Trade Brains FeaturesTeam Trade BrainsSep 30, 2024

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