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Steel Exchange India expand its production at Kothavalasa

Steel Exchange India is planning to invest Rs.15,000 million over a period of 5 years to increase its capacity. It is adding up a 1.2 million tpa pelletization plant, a basic oxygen furnace, 70,000 tonne capacity blast furnace, electric arc furnace in Kothalvalsa in Vizianagaram district in Andhra Pradesh. It is likely to become operational by 2013. Apart from this, the company is setting up a 60 MW captive power generation unit.

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