MESCO Steel plans capacity expansion

MESCO Steel Group plans to invest over Rs 10,000 crore to expand its existing steel making capacity and set up a greenfield project that would together take its total capacity to 6.5 million tonnes per annum.

MESCO, which owns Mideast Integrated Steel (MISL), would enhance its existing pig iron plant here into a 3.5 million tonnes steel plant with an investment of $1.2 billion, company's Managing Director Rita Singh said.