Ankit plans to double metals capacity

Kolkata: Kolkata-based Ankit Metal & Power is planning to double capacity at its existing unit in West Bengal.

Ankit Patni, managing director, Ankit Metal & Power, said, 'We have huge future expansion plans to double our existing capacity in the West Bengal unit and soon to propagate another vast project in the steel city Jamshedpur.'

The company has recently invested around Rs 120 crore to set up a fully integrated steel plant to produce one lakh ton of rolled products with captive production of sponge iron, billets and power at Jorehira of Bankura district.

Prior to the expansion, the company had a sponge iron unit operational since October 2005.

Actor Mithun Chakraborty today launched Ankit TMT bars in the city.

The product would be channelized through direct marketing to reach the institution directly and the other through retail mode.