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Maharashtra Steel Projects


Kalyani Forge plans capex programme

Kalyani Forge is planning an expansion programme at its manufacturing facility in Pune with an investment of Rs. 2000 million. The project also involves low cost automation facility to take up the capacity utilization from 55% to 75%. The company is reducing its reliance on the auto segment, which today accounts for 75 per cent of its business, and envisages non-auto segment share growing to 40 per cent in the next five years.

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