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Steel firm announces ₹300 Cr investment to increase production capacity.
Expansion to support infrastructure-led demand and market growth.
Stock sees upward movement following the capex news.
A leading steel company has drawn investor attention after announcing a ₹300 crore investment aimed at expanding its production capacity. The move signals a strong growth trajectory, aligning with India's rising infrastructure and manufacturing demand.
According to company sources, the expansion will target both flat and long steel product segments. The additional capacity will be deployed at existing plant locations, optimizing capital and operational efficiencies. The decision comes amid a positive steel demand outlook in domestic and global markets.
The company stated that the expansion will enable it to cater to growing needs across construction, automotive, and engineering sectors. This is expected to be funded via internal accruals and debt, with a phased rollout over the next 18–24 months.
Market analysts view this capex decision as a strategic move to strengthen market share and build long-term value. The stock responded positively to the announcement, with intraday gains seen in trading.
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