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Lanco Industries, an Andhra Pradesh-based ductile iron pipe maker and associate company of Electrosteel Castings Ltd Group, said on Wednesday that it would invest Rs 325 crore to set up 1 lakh tonne per annum additional capacity for smaller diameter pipes.
The company in a statement further said that the project would be funded by debt and internal generation. The project is expected to be completed by March 2016.
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