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CAPEX plans - Zenith Birla to invest INR 3 billion on expansion
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Saturday, 14 Aug 2010
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Zenith Birla India believes that change is the essence of business. In view of that company plans to invest INR 3 billion for its expansion cum diversification plan both in Greenfield and Brownfield investments.

The company has projected to set up ERW and spirally welded steel pipe manufacturing plants which would facilitate the high pressure pipe line requirement for water irrigation including oil and gas sector in domestic as well as international markets.

Under the Greenfield expansion, the company plans to augment its capabilities in producing ERW pipes. Currently, the production capability is 210,000 tonnes per annum of up to 8 inches steel pipes. After the expansion, it will have the potential to deliver 360,000 tonnes per annum of up to 14 inches steel pipes with the capital expense of INR 2.25 billion.

The enterprise is strategically focusing to build up a resourceful mobile spiral mill with the manufacturing capability of producing 75,000 tonnes steel pipes up to100 inches per annum at the capital outlay of INR 750 million. Since the new mobile spiral mill indicates mobility, it can be taken to any infrastructure site in India.

This innovative facility will enable the company to become the leading enterprise that can manufacture product from ½ inch to 100 inches of steel pipes in the country.

(Sourced from IRIS)

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