PTI reported that Nalagarh Steel Rolling Mills Private Ltd will set up a new steel rolling facility in Himachal Pradesh with an investment of INR 25 crore. It manufactures TMT steel bars and sell it under the brand of DevBhumi and this would be the second such facility at Nalagarh.

Mr Ravinder Bansal MD of Nalagarh Steel Rolling Mills told reporters that "The new facility, which will be soon set up, will enable us to meet the emerging requirement for steel from the industries of Haryana, Chandigarh and some parts of Punjab.”

He said that "Presently, the demand for the steel is 7,500 tonnes per month against our total production capacity of 6,000 tonnes per month. With the commissioning of new plant, the total manufacturing capacity of the company would reach 9,000 tonnes per month.”

With the setting up of this new plant, it expects over 70% jump in its total turnover at INR 300 crore in 2008-09 from INR 175 crore in 2007-08.