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Will need to add rolling equipment. To produce 3.5 Lakh Tonnes of green steel. Will be investing 5000-6000 crores.
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Will be 1 million tons overall capacity of steel by FY27.
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50% of capacity supplied to bharat forge which is looking to expand revenues.
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Note: Company converts steel to semi-finished and finished forging and machining components used in Auto comp, oil and Gas and Industrial manufacturing.
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So this will be backward integration for them.
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EC will take one year. Funding plans EC is received.
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But the important factor is setting up of Titanium metal plant in Odisha for defence and aerospace industries.
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Total Revenue to be approx 7500 crores on incremental capex of 11750 crores with 20% editda margins by FY28.
Disc: -1% of PF. Looking to add if CMP drops below 700.
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