Steelcast Limited to expand its foundry unit at Ruvapari road in Bhavnagar in Gujarat with an investment of Rs. 572 million. The project involves expanding the capacity of the foundry unit from Steel and Ferrous Castings (650 MTPM to 1,250 MTPM).
The company had commissioned the project and is currently investing Rs. 450 million to increase the capacity from 1250 mtpm to 2000 mtpm and the expansion programme is likely to be completed by 2013. The company also plans to get certification from US Railways which will also boost its chances in the Delhi Mumbai Corridore rail link segment.