India: Sambhv Steel unveils major stainless steel expansion plan
Sambhv Steel Tubes Ltd. has approved a major stainless steel capacity expansion, including a new cold rolling mill in Raipur that will boost stainless CR capacity from 58,000 t to 1,78,000 t per annum. The company is also setting up a greenfield integrated steel facility in Kesda to enhance melting and hot-rolling capacities. These projects to be completed by FY'27 will strengthen captive capacity.