Mohit Ventures Eyes 29 Crore Expansion for Jharkhand TMT Bar Plant

Mohit Ventures Pvt. Ltd. has announced a ₹29 crore expansion of its TMT bars manufacturing project in Jhumariteliya, Kodarma, Jharkhand. The investment will significantly boost the company's production capacity, targeting an output of 150,300 tonnes of TMT bars.

The expansion aims to meet the growing demand for high-quality construction materials in the region. TMT bars, known for their strength and durability, are crucial for infrastructure and building projects, and this increase in production will enhance Mohit Ventures' market position.

Construction for the expanded facility will commence shortly, with the upgraded plant expected to streamline operations and improve production efficiency. The project underscores Mohit Ventures' commitment to supporting regional development through enhanced manufacturing capabilities.

This development is set to play a pivotal role in addressing the increased demand for construction materials in Jharkhand and surrounding areas. The expansion will not only strengthen the company's footprint in the market but also contribute to local employment and economic growth.

Mohit Ventures' strategic investment in the TMT bars project reflects its ongoing efforts to capitalize on growth opportunities in the construction sector and meet the needs of a rapidly evolving market.

News by Rahul Yelligetti