Usha Beltron (UBL), flagship of the Usha Martin Group promoted by the Jhawar family, has lined up investments of Rs 120 crore in its integrated steel and steel products business.
The project would consist of setting up a DRI (directly reduced iron) or sponge iron plant with 100,000 tonne capacity, a 10 megawatt waste heat power plant, expansion of the heat treatment and bright bar manufacturing facilities for value addition to automotive grade steel and setting up of a steel cord plant for conveyor belt.
P Bhattacharya, joint managing director, UBL, said:
