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Siemens Metals Technologies has bagged BMM Ispat's merchant bar mill order for its Hospet plant.
The company in a release without disclosing the order amount said, “The order volume ranges in the lower double-digit millions of Euros. Commissioning of this rolling mill with an annual capacity of 850,000 tonnes of merchant bar steel products is scheduled for the end of 2013.”
BMM Ispat Ltd, second largest steel company in Karnataka, has embarked upon capacity addition of 2 million tonnes a year to the existing facilities at Hospet. The iron ore used stems from the group company's own mines in the region.
With the bar rolling mill, the company is expanding its production capacities for structural steels. The new plant is designed for the production of a wide range of end products.
The products include reinforcing steels, round bars, flat and square bars, angles and channel sections. Low and medium-carbon or low-alloy steel grades as well as spring and free cutting steel can be processed, said a company release.
The project will executed jointly by Siemens Metals Technologies Italy and Morgan Construction Company India (a Siemens VAI Business).
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