Chennai-headquartered 35-year-old steel manufacturer Sumangala Steel is embarking on a multi-pronged expansion, including INR 50 crore investments in new units, in preparation for the future growth trajectory. Sumangala Steel Chairman & Managing Director Mr Rajendran Sabanayagam said “The company has undertaken expansion activities to take advantage of the emerging demand. It is setting up a modern scrap shredder at the Puducherry steel mill complex with INR 25 crore investments to process end-of-life vehicles, white goods and light scrap. This is expected to be ready by the end of next year. The steel scrap that will come out of this process will be used as a raw material to make secondary steel products.” Sumangala Steel is also establishing INR 15 crore TMT finishing infrastructure to deliver blue steel to be ready by the next year. The company has also set up a facility with imported equipment from Italy for readymade steel. In this, the steel is pre-fabricated for bending and bundling and sent to the project site needing those specific products. Starting with a modest capacity of 12,000 tonnes per annum in 1987, the company, a manufacturer of billets and TMT bars, has more than 200,000 tonnes of capacity today. With over 600 employees, Sumangala Steel produces various grades of TMT across all sizes from 8mm to 32mm.