Current Date: 09 Jul, 2024

Jaya Sakthi Casting Announces ₹60 Crore Expansion

Jaya Sakthi Casting India Private Limited has announced a significant expansion of its mild steel billets project at Pudupalayam and Palathozhuvu in Erode (Periyar), Tamil Nadu. The expansion, valued at ₹60 crores, aims to increase the company's production capacity to meet the growing demand for mild steel billets in the region and beyond.

The project will enhance the production capacity of mild steel billets to 222,540 tonnes per annum (TPA). This substantial increase will not only bolster the company’s market position but also support the local economy by creating job opportunities and boosting industrial activity in the area.

Jaya Sakthi Casting India Private Limited is investing in advanced manufacturing technologies and infrastructure upgrades to achieve this expansion. The company’s commitment to quality and efficiency is expected to drive growth and enhance the competitiveness of its products in the market.

Local officials and industry experts have welcomed the expansion, noting its potential to contribute to the region’s industrial development. The increased production capacity will cater to the rising demand for steel in various sectors, including construction, automotive, and manufacturing, thereby fostering economic growth.

This expansion underscores Jaya Sakthi Casting’s dedication to scaling its operations and meeting the evolving needs of its customers. With the upgraded facilities, the company is poised to deliver high-quality mild steel billets more efficiently, reinforcing its position as a key player in the steel industry.

News by Rahul Yelligetti

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Source : Projxnews