Mega Project status for Jindal SAW's Nashik Unit expansion
The Jindal SAW's expansion project at its Nashik unit will now be eligible for industrial promotion subsidy as it has been accorded the status of the Mega Project by the Maharashtra government.
By PTI |
NEW DELHI: The Jindal SAW's expansion project at its Nashik unit will now be eligible for industrial promotion subsidy as it has been accorded the status of the Mega Project by the Maharashtra government.
With the approval as Mega Project, Nashik unit will be eligible for Industrial promotion subsidy under the Package scheme of incentives - 2007. This will help the unit to be more competitive in the market since major portion of the investment gets covered with the subsidy, a company press release said here.
The total expansion is expected to be completed by August 2008, the release added.
Under the expansion programme, its annual capacity of Nashik unit is being augmented from 75,000 tonne to 2,20,000 tonne of finished tubes.
With the approval as Mega Project, Nashik unit will be eligible for Industrial promotion subsidy under the Package scheme of incentives - 2007. This will help the unit to be more competitive in the market since major portion of the investment gets covered with the subsidy, a company press release said here.
The total expansion is expected to be completed by August 2008, the release added.
Under the expansion programme, its annual capacity of Nashik unit is being augmented from 75,000 tonne to 2,20,000 tonne of finished tubes.
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