15 June 2006
Ind Synergy is planning expansion by setting up a new unit at its exrstmg steel plant in Raigarh district ofChhattisgarlL The expansion project will entail an investment ofRs.973.80 crore. The third unit will be constructed in the same vicinity as the other two units and will have rolling mills of 4 lakh tpa besides continuous casting machine: a sinter plant and a blast fumace. The company is in process of acquiring 285 acres of land in addition to 25 S acres which it has already acquired- The other two units are at Kotmar and Mahapalli in Raigarh district: manufacture steel products- sponge iron: billets and structure steel with a capacity of 3 lakh tpa along with 24 MW captive power unit and steel melt shop of 2 lakh tpa
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