In a bid to become the leading graphite electrodes manufacturer in the world, LNJ Bhilwara Group plans to invest INR 245 crore in its Mandideep based plant near Bhopal to raise production levels from 66,000 tonnes per annum at present to 80,000 tonnes per annum.

Mr Ravi Jhunjhunwala group chairman told reporters that "HEG Limited, one of the largest manufacturers and exporters of graphites electrodes in South Asia, will make an investment of additional INRR 245 crore for scaling up its plant, which shall be completed by mid of next year.”

Mr Jhunjhunwala said that "By then (mid of next year) the company shall start producing 80,000 tonne of graphite electrodes per annum making it world's largest integrated manufacturing plant.”

He added that "The current capacity of the Mandideep plant is 66,000 tonne per annum, which required an investment of INR 1,123 crore. The company recorded a turnover of approximately INR 1,300 crore during the financial year 2010-11. With this installed capacity, we are the world's largest single site producers of graphite electrodes.”

(Sourced from ET)