Hyderabad-based steel making company, Sugna Metals Ltd, is planning to commission another steel rolling mill by early next year.
Bharat Kumar Agarwal, Managing Director of Sugna Metals, said, “the commissioning of the Rs 30-crore mill, at the existing steel making unit, is expected to add 10,000 TMT (thermo mechanically treated) bars per month to the existing capacity of 15,000 TMT tonnes per month and 18,000 tonnes per month of billets.”
Unveiling a higher strength steel TMT bars, Mudit Sonthalia, Director, said, “These have been made with specialisation and are suitable even for seismic zones. They have higher binding capabilities with cement concrete, and since they are stronger, the steel consumption is lower.”
Started in 2008 at Parigi mandal near Vikrabad about 60 km from Hyderabad, the steel-making unit has steadily expanded its manufacturing capacity. It now serves some of the leading corporates such as MEIL, NCC, and several government construction related schemes, including irrigation projects and 2 BHK housing scheme.
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