By Our Correspondent
DHENKANAL/BHUBANESWAR: Rungta Steel, the leading TMT bars and integrated steel products manufacturer and the flagship company of Jharkhand’s Chaibasa Headquarters’ , Rungta Mines Limited, announced the commissioning of its newly- established plant in Dhenkanal in Odisha. The state-of-the-art facility, spread across acres will process Rungta Mines’ flagship product- steel TMT bars.
It may be noted here that in October 2020, Chief Minister Naveen Patnaik had virtually joined the Ground breaking ceremony for Integrated Steel Plant expansion in Dhenkanal for Rungta Mines Limited.
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 Chattisgarh, Odisha, Andhra Pradesh, Telengana, Gujarat and Madhya Pradesh. This will allow the company to meet the growing demand for quality steel in the expanding domestic Indian market.
Mr. Arvind Kumar, Senior General Manager and Head- Sales and Marketing (TMT) said, “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. We look forward to continue contributing to the rapidly growing domestic steel market of India.”
The new plant has been designed to operate with the latest technology, ensuring the plant operates in an environmentally sustainable manner, in compliance with all applicable regulations.
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.
The expansion worth Rs 11,000 crore in Dhenkanal by Rungta Mines Limited will help the company to hike its currently 3 million tonnes of steel capacity, to 4.55 million tonnes of steel.
