Mumbai, April 29 -- The proposed expansion plan will be placed before the Board of Directors for the formal approval at its forthcoming meeting.

The company will invest Rs 900 crore in an 8,00,000 TPA Special Bar Quality (SBQ) and Specialty Wire Rod & Bar Mill. The project will enable entry into premium steel categories with stronger realizations and higher-margin applications across automotive, engineering, infrastructure, and industrial segments

The investment is expected to increase the share of high-realisation value-added products, Improve blended product margins, support incremental topline growth from premium segments and open opportunities in export-oriented and precision steel markets.

In addition, the company is advancing its...