Gurugram-based, steel manufacturer, Kamdhenu Ispat Ltd is planning to increase market share in Telangana, the company expects a demand-recovery in the state, according to reports.
The steel manufacturer will increase its production capacity of TMT bars by 25pc from 190,000mt to 240,000mt in a year by the end of FY2022.
Kamdhenu Steel sees Telangana as an important market with tremendous potential, said Kamdhenu director, Sunil Agarwal, adding, the company is expecting a recovery in demand for steel products as manufacturing activities recover post the second wave of COVID-19.
The company’s TMT bar brand has a sales turnover of Rs120bn. The steel manufacturer has also launched earthquake resistant Kamdhenu PAS 10000 Steel and Kamdhenu Nxt TMT Bar.