Tata Ryerson, the 50:50 joint venture
between Tata Steel and Ryerson Tull of USA, is planning to set up a plant in south India.
The proposed unit is part of the company's Rs.200 crore investment plan to
double its steel
processing capacity to 2 million tpa..
The company is also looking at setting
up a plant outside India, in the neighbouring countries. Currently Tata Ryerson
has processing facilities at Jamshedpur and Pune, which can handle 1 million tonnes of flat steel products
annually.
The company had added hot rolled coil
processing facilities at Bara (Jamshedpur) and Ranjangaon (Pune), cold rolled
coil processing units of both commercial and precision types in Jamshedpur along
with high productivity roll forming lines for galvanised corrugated sheets.
Also See:
Tata-Ryerson
to invest Rs.220 crore for capacity hike (01-Sep-05)