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Gangotri Iron & Steel plans Rs. 250 crore massive Expansion -Posted on 4th April 2010
Gangotri Iron & Steel plans Rs. 250 crore massive Expansion

Gangotri Iron & Steel Co. Ltd. (GISCO), listed on The Bombay Stock Exchange Ltd is part of Rs. 500 crore “Gangotri Group” company engaged in manufacturing of MS Billets & MS Steel Bars under the brand name “GISCO Thermex 500 TMT Bars”. The company has recently set up a fully automatic state-of-the-art manufacturing unit having 15 MT X 2 Nos. Induction Furnace unit with Continuous Concast technology to manufacture approx 1.08 lakh MT of MS Billets and a fully automatic Re-rolling mill with Thermex technology to manufacture 1.00 lakh MT per annum of, world class Quench & Self Tempered Bars in Bihta, Bihar. Besides the above the company is also having an automatic Re-rolling mill with a capacity of 45000 MT per annum at Patna.

The products of the company due to its superior quality, properties of strong & economical steel have gained popularity and admiration of architects, engineers and consumers. The product of the company has been awarded by “ISI” certification to manufacture Fe500 grade of TMT Bars, recently. The company has a strong network of more than 500 dealers in all over Bihar GISCO Thermex TMT Bars’ manufactured with Thermex technology are earthquake resistant due to higher elongation and +yield strength, high ductility and better bonding with cement concrete mix.

The company has plans to set up a 1.00 lakh MT Sponge Iron unit alongwith 10 MW Power Project with an investment of Rs. 100 Crores in Jharkhand. The total consumption of Sponge Iron will be consumed by its unit in Bihta and its Sister conncern unit in Patna. The company has also plans to setup a Captive Power Generating unit of 25 MW in Bihta, Bihar with a capital investment of 125 crores.

The encouraging development scenario in Bihar has prompted the group to Launch Bihar biggest residential, Shopping Mall cum Multiplex and a 5 Star facility Hotel having 120 Rooms in the heart of city at Bailey Road, Patna.

News Sources -VISHAL MEDIA (P.R.Agency), Mobile 098266-23100, Email- vishalmediapr@gmail.com

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