Varia plans 130 cr steel plant near AhmedabadNayan Dave | TNNAhmedabad: Varia Engineering Works, part of the Rs 200 crore Varia group is setting up a six-stand continuous cold rolling mill at Kerala GIDC in Ahmedabad district. The Ahmedabadbased company is investing Rs 130 crore for the new plant at its existing facility. “We are going to manufacture stainless steel cold rolled coils and sheets with an annual capacity of 2 lakh tonnes per annum. The new facility would commission by the end of August this year,” said Himanshu Varia, director of the company. The company is in the business of rolling mills supply to businessmen manufacturing steel sheets and coils over the past three decades. With the new facility, the company will be able to supply coils and sheets directly to end users, said Varia. The group has manufacturing facilities at three locations surrounding Ahmedabad at Kerala GIDC, Bavla and Vatva. |
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