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November 20, 2008


Mukesh Steels eyes Indian Railways for transmission biz

PTI reported that Ludhiana based Mukesh Steels is eyeing Indian Railways as a prospective client for its transmission business.

Mr Krishan Chand Gupta chairman of Mukesh Steel said that "We are looking at Indian Railways as our potential client for transmission business.”

It would set up transmission towers for state electricity boards in Punjab, Uttar Pradesh and Himachal Pradesh and is currently identifying a potential site for their proposed plant.

Mr Gupta said that “The company is also planning to invest INR 75 crore for setting up transmission towers for state power utilities in the next 18 months. We are looking for a suitable site for our plant either in Punjab or Himachal Pradesh which would give us access to North Indian market.”

Mukesh Steels is a flagship company of the Ludhiana-based Mukesh group and is engaged in manufacturing of steel and its alloys. The company got listed in 1988 and has an annual sales turnover of INR 70 crore.