{"id":310398,"date":"2020-01-14T12:31:40","date_gmt":"2020-01-14T07:01:40","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=310398"},"modified":"2020-01-14T12:49:33","modified_gmt":"2020-01-14T07:19:33","slug":"shakambhari-ispat-and-power-looks-to-raise-production-capacity","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/shakambhari-ispat-and-power-looks-to-raise-production-capacity\/","title":{"rendered":"Shakambhari Ispat and Power looks to raise production capacity"},"content":{"rendered":"<p>Shakambhari Ispat and Power Ltd, which had recently taken control of SPS Steels Rolling Mills \u2014 the makers of \u2018Elegant Steel and TMT bars\u2019, is now looking to augment production capacity and market the brand across India.<\/p>\n<p>According to Deepak Kumar Agarwal, CMD, Shakambhari Group of Industries, SPS Steel\u2019s annual production, which had dwindled to 96,000 tonnes per annum, has increased to close to 1.75 lakh tonnes post takeover. Plans are afoot to increase the production capacity further to 2.25-2.5 lakh tonnes in 2020-21.<\/p>\n<p>\u201cWe plan to invest close to \u20b9150 crore in the coming fiscal on expansion which will include a steel melting shop that will help us reach around 3 lakh tonnes per annum from the current 1.75 lakh tonnes. We have taken serious measures for modernisation of the plant and are in negotiation for foreign collaborations for technology upgradation,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shakambhari Ispat and Power Ltd, which had recently taken control of SPS Steels Rolling Mills \u2014 the makers of \u2018Elegant Steel and TMT bars\u2019, is now looking to augment production capacity and market the brand across India. According to Deepak Kumar Agarwal, CMD, Shakambhari Group of Industries, SPS Steel\u2019s annual production, which had dwindled to 96,000 tonnes per annum, has increased to close to 1.75 lakh tonnes post takeover. Plans are afoot to increase the production capacity further to 2.25-2.5 lakh tonnes in 2020-21. \u201cWe plan to invest close to \u20b9150 crore in the coming fiscal on expansion which will [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-310398","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/310398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=310398"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/310398\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=310398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=310398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=310398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}