Our Bureau

Visakhapatnam, Sept. 15

SRMB Udyog, a steel re-rolling mill based at Kolkata, is on a drive to expand its market reach and is projecting a sales turnover of Rs 450 crore by the end of the current financial year.

Currently, it has a turnover of Rs 300 crore. Mr M.M. Abraham, Vice-President (marketing), who launched SRMB 500 TMT bars here on Thursday, said at a press meet that the company, one of the oldest rolling mills in the country, was adopting "a unique quenching and tempering technology". "The new bars have X-ribbed patterns on them, ensuring superior bonding strength between the concrete and the steel bars, " he said. He said the bars were priced at Rs 28,500 per tonne in the Vizag market against the ordinary bars priced at Rs 26,000 per tonne.

(This article was published in the Business Line print edition dated September 16, 2005)
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