Mukand plans expansion

Mukund Ltd will increase its alloy steel capacity by 40% and stainless steel by nearly 80% within a couple of years. Mr Rajesh Shah, MD of Mukund Ltd, said the company plans to increase its alloy steel capacity from 330,000 tonne to 460,000 tonne, in the next one year, while its stainless steel manufacturing capacity at Kalwe to 100,000 tonne from the 55,000, in two years through de-bottlenecking and productivity improvement measures for meeting the rising demand posed by automobile, auto components, consumer appliances and infrastructure sectors.

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