SMS Meer, Germany bagged an order
worth Rs.100 crore (Euro 18 million) from ISMT for PQF mill equipment for its
Rs.250 crore seamless
tubes & alloy steel expansion project at Baramati in Pune district of
Maharashtra.
The equipment will be delivered within
a period of 12-15 months with the mill scheduled for completion by December 2007.
ISMT will also upgrade its tube
making facility at Ahmednagar from the existing 60,000 tpa to 75,000 tpa. The
Ahmednagar & Baramati plants will thus have an installed capacity of 4.75
lakh tpa.
(Note: ISMT was formerly known as
Indian Seamless Metal Tubes)