Welspun Gujarat Stahl Rohren is
planning to set up a 1.2 million tpa plates mill at Anjar in Kachchh district.
The project, costing Rs.1,200 crore, will be a backward integration move and
will come at its Anjar-based facility. The company already has a spun pipe unit
at Anjar in Kutchh district.
Of the total cost project, the company
in December 2005, had raised about Rs.360 crore through foreign currency
convertible bonds, term loans of Rs.750 crore and promoters will be investing
Rs.110 crore. The plates with 4,500 mm width is scheduled for completion by
December 2007.
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