Indsil Hydro Power and Manganese’s joint venture overseas subsidiary Al-Tamman Indsil Ferrochrome LLC has launched its second-phase expansion project. The expansion consists of installing one more 24 MVA sub-merged arc furnace to produce ferro chrome. “With this expansion, the capacity will move up from 75,000 tpy to 1,15,000 tpy of ferro chrome,” the company said in a statement to the exchanges. The expansion work would take around 12 months and commissioning of the third furnace is expected by December 2019, it added. Shares of Indsil Hydro Power slipped 1.83 per cent at ₹77.65 on the BSE.
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