The Business Bytes
Rungta Mines sets up new TMT Steel Bar plant in Odisha
TBB BUREAU
BHUBANESWAR, APR 7, 2023
Rungta Steel, the flagship company of Rungta Mines Limited, on Friday announced the commissioning of its newly-established plant in Dhenkanal, Odisha. The state-of-the-art facility will process Rungta Mines’ flagship product – steel TMT bars, the company said in a statement.
The commissioning of this plant marks a significant milestone for Rungta Steel, as it will increase the company’s capacity to produce high-quality steel TMT bars to cater to its key markets in Chhattisgarh, Odisha, Andhra Pradesh, Telangana, Gujarat and Madhya Pradesh. This will allow the company to meet the growing demand for quality steel in the expanding domestic Indian market.
“It is with immense pleasure that we announce the commissioning of our new plant in Dhenkanal. This facility represents a major investment for our company and is a testament to our commitment of producing high-quality TMT bars in an ecologically responsible manner,” said Arvind Kumar, Senior General Manager and Head- Sales and Marketing (TMT).
The new plant has been designed to operate with the latest technology, ensuring that the plant operates in an environmentally sustainable manner, in compliance with all applicable regulations.
The commissioning of the new plant is expected to further strengthen the company’s portfolio of products and contribute to the growth of the Indian economy.
Rungta Steel’s rich legacy in steel manufacturing comes with a track-record of over five years of producing high-quality TMT Bars and steel as consistent grades, tolerances, and dimensions that guarantee consistency in quality and stability. The commissioning of the new plant is expected to further strengthen the company’s portfolio of products and contribute to the growth of the Indian economy.
