June 27, 2022 (MLN): International Steels Limited (ISL) has informed that a state-of-the-art rewinding line with an electrolytic cleaning section has been commissioned which is part of the debottlenecking project to enhance the finishing capacity of Cold Rolled Coils and sheets by 120,000 tons per annum.
This will enable the company to expand its already strong footprint in automobile, appliances, and Tin Mill Black Plate (TMBP) segments of the cold-rolled steel market.
To recall, on March 9, 2021, the Board of Directors of the company approved a capital expenditure of Rs1.235 billion for the said debottlenecking project.
Currently, the stock of the company is trading at Rs57.88 [12:24], up by 99 paisa or 1.74% DoD.
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