Ashok Ispat Udyog to expand its steel unit at Gobiganga in Kalinga in Sundergarh district of Orissa with an investment of Rs. 14.7 million. The project involves expanding Induction Furnace (3.5 TPH to 9.5 TPH. Sponge iron, Pig iron, Ferro Silicon, Ferro Manganese and scraps will be used as raw material and heated in Induction Furnace (IF) with electrically to melt all the material into liquid form. The molten metal will be casted in the mould followed by cooling to get finished product of M.S. Pencil Ingots.