Mesco plans Rs. 13,500 cr investment to raise capacity in 3-5 yrs.

Private steelmaker Mesco plans to take its capacity to 4.5 million tonnes (MT) in the next 3-5 years with an investment of Rs. 13,500 crore.

'We will take MESCO Steel's capacity to 4.5 MT in the next three to five years from the present about 2 MT. We will be investing about Rs. 13,500 crore for this brownfield expansion,' Mesco Steel Director Finance Natasha Singh Sinha said.

Mesco Steel through its arm Mideast Integrated Steels Ltd. (MISL) had set up a steel plant of 1.2 MT per annum (MTPA) capacity in Kalinga Nagar, Odisha.

BS