What to Watch. Steelco Gujarat: eyes on capacity expansion

Steelco Gujarat has commenced commercial production of a new colour coating line from June 1. In a post-market-hours disclosure to the exchanges, the company said the new product — pre-painted galvanised iron (PPGI) coils and sheets — will enhance its capacity to 60,000 tonnes per annum. Investors will closely monitor the development at the company, which is a subsidiary of Spica Investment Ltd, Mauritius, and belongs to the Comcraft Group.