Haq Steels Strengthens Grip on Gujarat with ₹60 Crore Expansion

Haq Steels Pvt. Ltd. has announced an expansion of its manufacturing unit in Samkhiyali, Kachchh, Gujarat. The company is set to invest 60 crores to enhance its production capabilities. This expansion aims to meet the growing demand for MS billets and TMT bars in the region and beyond, bolstering the company's position in the steel manufacturing industry.

With the new investment, Haq Steels will increase its MS billets production capacity to 15,000 tons per month. This significant boost in output is expected to streamline supply chains and ensure a steady flow of raw materials for various construction and manufacturing sectors. The move is part of the company's strategy to capitalize on the rising demand for high-quality steel products.

In addition to the billets, the production capacity for TMT bars will also see a substantial increase, reaching 20,000 tons per month. TMT bars are crucial for infrastructure projects, and this expansion will support the growing needs of the construction industry. Haq Steels aims to provide superior quality TMT bars that adhere to stringent industry standards.

The expansion project at the Samkhiyali plant will incorporate advanced manufacturing technologies to enhance efficiency and reduce production costs. By adopting state-of-the-art equipment and processes, Haq Steels is poised to deliver high-performance products while maintaining competitive pricing. This initiative aligns with the company's commitment to innovation and excellence.

Haq Steels Pvt. Ltd.'s expansion is a significant step towards reinforcing its market presence and supporting the infrastructure development of Gujarat and surrounding regions. The increased production capacity will cater to both domestic and international markets, fostering economic growth and development.

News by Rahul Yelligetti