Currently, the company manufactures steel and structural products like angles, channels and patties. The company has also announced setting up of a new rolling unit at Nalagarh with proposed investment of Rs 20-25 crore. The money would be raised through internal accruals as well as financial institutions.
Ravinder Bansal, managing director of the company, said the company was looking to enhance the production capacity from 6,000 metric tonnes of steel per month to around 9,000 metric tonnes of steel per month.
The company caters to 25-30 per cent of steel requirement of the HP government and around 40 per cent of the demand by the Jammu and Kashmir government.