HDC-New Ventures

HDC New Ventures HINDUSTHAN DEVELOPMENT CORPORATION (HDC) will set up a composite steel plant with an annual capacity of 1.25 lakh tonnes at Banmore in Morena district of MP in collaboration with Hamburger Stahl Werke of West Germany. The company has also secured the government's approval for import of capital goods for implementing the zinc- aluminium alloy coated steel sheets/coils project with a capacity of one lakh tonnes per annum. The government has also approved foreign collaboration for cyanuric chloride. Meanwhile, the project for manufacture of diphenyle guanidine is in an advanced stage of implementation and is expected to go into commercial production during the current year. Foreign collaboration for this project with Lucobni Zavody of Czechoslovakia has already been approved by the government. In pursuance of the scheme of amalgamation, Hindustan Kokoku Wire and Gerald Engineering have been merged with the company. HDC's engineering unit at Calcutta achieved higher production and sales and also improved its order position during 1987. Having upgraded its technology for air pollution control equipment, this unit received orders, for the first time for electrostatic precipitators and bag filters for steel plants.