The Board of Directors of Monnet Ispat & Energy Ltd. at its meeting held on 17th May, 2019, has approved the proposal for expansion of capacity of Pellet Plant of the Company located at Raigarh, Chhattisgarh, from existing 2.00 MTPA to 2.50 MTPA by incurring capital expenditure of Rs. 21 crore.
The project will be financed through borrowing from banks. The project is expected to be completed in about 10 to 12 months.
The existing capacity utilization is 90% and the proposed expansion of the production capacity of the Pellet Plant is expected to help the Company to reduce the cost of pellet production per ton, at Raigarh plant and to improve sales volume.
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