The production and sales of specialized stainless steel long products at the Thane plant was affected due to the diversion of oxygen for medical purposes.
July 16, 2021
Special steel maker Mukand Limited will shortly be enhancing its production and sales of stainless steel at the Thane facility from 1,00,000 tonnes annually to 1,50,000 tonnes per annum.
As reported in a leading daily — the production and sales expansion will be without any significant capital expenditure resulting in an increase of turnover by approximately INR 700 crore per annum.
Watch: Wire & Cable Indian Fortnightly News.
This will be possible as the alloy steel rolling, normally done at the Thane plant, is now being gradually transferred to the newly commissioned bar and wire rod mill at the MSSSL Hospet plant, freeing up greater capacity for stainless steel products at the Thane facility.
The production and sales of specialized stainless steel long products at the Thane plant was affected due to the diversion of oxygen for medical purposes for six weeks before May 31, 2021. The supply of oxygen to the plant was resumed on June 1, 2021, as per government directives, and production of stainless steel has regained normalcy.
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Mukand Limited is an integrated alloy and stainless steel producer from India. Mukand has a steelmaking and rolling capacity of 500,000 tonnes per year. Mukand produces over 400 grades of specially engineered steel to stringent requirements for customers across the globe.
