Ispat plans Rs 10,000 cr capex

Mumbai: Ispat Industries, one of the leading integrated steel makers and the largest private sector producer of hot rolled coils in India, plans an investment of over Rs 10,000 crore in expanding its steel-making capacity.

'As part of the first-phase expansion, the company would raise steel-making capacity of its Dolvi plant in Maharashtra to 5 million tonnes from 3 million tonnes in 18-months period,' Ispat Industries VP & Chief Enabling Technology & Automation, Atul Kumar said on the sidelines of the Manufacturing Summit 2007 here.

'The investment would be anything between Rs 10,000 crore to Rs 25,000 crore depending upon what technology we will select,' Kumar said.

Ispat is the only steel-maker in India and among a few in the world to have total flexibility in choice of steel making route.