Accent on Technology

Accent on Technology Hansavivek pansion, financed financial MUKAND IRON AND STEEL Works has planned 33-crore ex- which is intended to be by long-term loans from, institutions and retained' earnings. The' company is seeking an industrial licence to' manufacture sponge iron based on solid reductarit, hat is, hon-coking coal, The capacity of the proposed plant is approximately 200,000 tonnes per annum. The plant Intended to be located in a 'back-' ward' area in Maharashtra. The com- pany has also applied for expansion of its steel-making capacity from 135,000 tonnes of : billets to 270,000 tonnes per annum. In the changed contex of government policy permit-' ing mini-steel plants to expand and o set "up captive sponge iron capa- city, the company hopes to get the necessary industrial licences for these projects. Meanwhile, the programme of modernisation of the wire rod mill is in its final stage and will be com pleted by the end of the current year The company . will be the first to set up an easy draw continuous cooling system for high carbon and low carbon wire rods