Gangotri Iron and Steel Company (GISCO), part of the Gangotri Group, has
chalked out investment plan of Rs 260 crore for expansion.
GISCO plans to invest Rs 160 crore to make 1.20 lakh tpa of TMT bars and wire
rods at the recently acquired 14 acre at Bihta in Bihar. The company is already
executing a 25 MW coal-based power project at its existing site at Bihta with an
investment of Rs 150 crore.
The company also plans an investment of Rs 100 crore in setting up a 10 MW
coal based power project and sponge iron plant with capacity of one lakh tpa in
Jharkhand.