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Usha Marting plans Rs.12000 million capex

Usha Martin, a Kolkatta based company and a leading producer of steel wires and ropes is planning to invest Rs.12000 million over a period of 3 years. It plans to set up a coke oven, pellet plant, an additional DRI plant, ore beneficiation and other related projects to raise its capacity from 350,000 tonnes to 800,000 tonnes. These measures will raise its margin to Rs.3500 a tonne. The project funds will be raised from internal accruals.

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