16th September 2010
Gontermann to increase capacity
15th September 2010
Gontermann-Peipers seeks FMC nod for multi-commodity exchange
We have found GPIL to be an excellent choice for steels where chipping and cracking have not been a problem. It has worked well in applications on thinner ...

Gontermann to increase capacity

Cast and forged rolls maker Gontermann-Peipers (India) Ltd plans to invest `300 crore in its proposed 1.2-million-tonne steel plant in Chhattisgarh, and `150 crore in its planned national multi-commodity exchange, MD, Mr Lalit Kumar Poddar, said on Wednesday. The Ispat Group-promoted company will work out the mode of funding the `450 crore capex plan, and debt to equity ratio after getting all the necessary regulatory approvals. ―For the steel project, we have already signed a memorandum of understanding with the Chhattisgarh government, and we need about 50 acres being acquired, Mr Poddar said.