LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS

Read in App
Business News » India News

Kamdhenu to invest Rs 800cr in 5 yrs to double capacity

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Mon, Oct 02, 2017
03:19 pm
PTI
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

Bullish on future prospects for the country's infrastructure sector, leading TMT bar maker Kamdhenu along with franchisees will invest Rs 800 crore to double the production capacity in next five years, its CMD Satish Agarwal has said.

"There are about 69 companies who have our franchise and we together will invest Rs 800 crore to raise our joint capacity from 2.5 million tonne (MT)at present to 5 MT in the next five years. Kamdhenu's own production capacity is of 72,000 tonne," Agarwal said.

He further said the country's infrastructure is growing rapidly. It has opened opportunities for everyone related to the sector, be it a raw material seller or buyer of finished products.

"Government schemes like Housing for All by 2022, Pradhan Mantri Awas Yojana, among others are expected to create an additional demand of 100-150 MT TMT bar," Agarwal, who has over 40 years of experience in the steel sector, said adding Kamdhenu is looking to grab this opportunity.

He said there are low-grade TMT bars available in the market which is a serious concern and requested the builders to do a quality-check before going for bulk buying.

He also invited them to send their TMT bars to Kamdhenu's R&D centre at Bhiwadi for testing whether the material is corrosion free and contains low sulphur.

Set up in 1995, Kamdhenu Ltd has become a leading brand in TMT bars. It has 69 manufacturing units and a distribution network of 6,500 dealers, which the company is looking to increase by 50 per cent with the doubling of production capacity.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

LATEST NEWS

Budget 2021 expectations: Society of Manufacturers of Electric Vehicles calls for rejig of FAME II or reintroduction of FAME I

PUBG Mobile India launch: Important notification issued by govt | Check reason for BIG Trouble here

''See you at your trial'': Big decision looms for Kamala Harris on Trump impeachment trial

FAU-G Game Launch date: Good news! Release tomorrow, beats PUBG Mobile India

Bharti Airtel vs Reliance Jio vs Vodafone Idea - check who is gaining market share across parameters

How to check IRFC IPO Allotment Status Online: All you need to know in one place

WhatsApp treating Indian users differently from Europeans: Centre to Court

IRCTC Ticket Booking: You will not get CONFIRM train ticket if you don't follow this Indian Railways new rule

PNB account holder? Alert! Do this before March 31 or you won't be able to transfer money

Budget 2021 will be historical if government cuts taxes, IIFL Founder Nirmal Jain tells Anil Singhvi

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved