Kamdhenu Ispat sets up plant in Nepal

New Delhi: Kamdhenu Ispat has set up its first plant in Nepal jointly with Maruti Nandan Rolling Mills as its local partner.

According to an agreement, Kamdhenu would provide technology for manufacture of TMT steel bars to the Nepalese company, which would manufacture the bars, and the product would be marketed under Kamdhenu brand name.

Currently, the demand for construction steel in Nepal is about five lakh tonnes annually, of which TMT bars account for around three lakh tonnes.