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Mukand Sumi JV starts construction of new steel rolling plant at Kanakapur in Karnataka

Steel News - Published on Mon, 19 Nov 2018

Image Source: Reliance Foundry
Business Line reported that Mukand Sumi Special Steel Limited, a joint venture between Mukand Limited and Sumitomo Corporation, Japan, is setting up a new steel rolling facility by mid-2020 at an approximate cost of INR 600 crore. The new modern fully automated wire rod-cum-bar mill is incorporated with PSM technology that enables accurate dimensional tolerance. The company has already acquired 52 acres of land at Kanakapur Village, Koppal district in Karnataka for this purpose.

The ground-breaking ceremony for construction of the plant was recently performed by Mukand’s Chairman and Managing Director Niraj Bajaj and Co-Chairman and Managing Director Rajesh Shah along with senior personnel from Sumitomo Corporation.

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Posted By : Sanju Moirangthem on Mon, 19 Nov 2018
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