Financial Daily from THE HINDU group of publications
Saturday, May 17, 2003
Financial Daily from THE HINDU group of publications Saturday, May 17, 2003 |
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Corporate
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Announcements Lanco shuts pig iron plant temporarily Our Bureau
HYDERABAD, May 16 LANCO Industries Ltd, the Tirupathi-based pig iron and Portland slag cement manufacturer controlled by the Kolkata-based Electrosteel Castings Ltd, has shut down its pig iron plant temporarily aimed at relining and upgradation of its mini blast furnace. Owing to uneconomical cost, the company had also decided to temporarily suspend its cement production recently. According to the company officials, the relining and upgradation works of MBF would be completed and the pig iron production works were expected to commence by the first week of June. The MBF upgradation programme would result in the company's pig iron production capacity going up to 450 tonnes per day from the existing level of 300 tpd, the company informed the stock exchanges on Friday.
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