MACKEIL TO SET UP A RS 700 CR FORGING PLANT

Kolkata-based Mackeil group will invest Rs 700cr in setting up an integrated forging plant in Durgapur. The group has already invested Rs 200 crore in the first phase. The second phase of the plant which is for setting up of steel melting shop has already set up its wing by acquiring land and its development process has started which is expected to be completed by the end of 2010, and equipments will be supplied by a leading European manufacturer with an investment of more than 500 crores. Durgapur is chosen as the site because of its industrial facilitating features like road, rail and very short distance from airport.The forging plant would have a production capacity of 40,000 tons while the integrated steel melting shop (SMS) would have an annual capacity 0.3 million tons. At present the group is involved in making heavy engineering products like gear boxes, rolling stock items, railways equipment etc for both private and public sectors from India and abroad.The forging plant would have equipments from world leading companies and some of them would be used for the first time in this forging industry.The plant would produce all grades of forgings like high carbon, high chromium, stainless steel etc and later may produce 500 mm round casters for the first time in India depending on the customers’ needs and requirement.The company will supply to industries in India and abroad and cater to the needs of industries like power, cement, gear, iron & steel, defense, oil & Gas, sugar, heavy eng, railways.