MS Agarwal Foundries in Rs 1,200-Cr Expansion Drive
Hyd-based steel maker will enhance production capacity by 5x to 1.2 mn TPA in next 4 yrs, generate over 5,000 direct, indirect jobs
MS Agarwal Foundries in Rs 1,200-Cr Expansion Drive
Hyderabad: MS Agarwal Foundries, a city-based steel manufacturer, on Friday announced its expansion plan backed by an investment of Rs1,200 crore. The investment will be utilised to increase its production capacity by five-fold to 1.2 million TPA over the next four years, add over 5,000 direct and indirect jobs, and expand reach to over 1,000 active dealers, from the current 400, within the next 18-20 months.
During the official launch of its latest innovation, MS Life 600+ CRS (Corrosion Resistant Steel), at an event in the city, Pramod Agarwal, Managing Director, MS Agarwal Foundries, said: “Beyond scaling production, we are also expanding and diversifying our portfolio. We are setting up a power plant, diversifying to other steel products, and enhancing our Cut & Bend services. These strategic initiatives will strengthen our industry leadership.”
Speaking about the newly launched product, he said that “MS Life 600+ CRS is engineered for earthquake and corrosion resistance, making it the ideal choice for homebuyers, engineers, and infrastructure developers across India.”
The manufacturer informed that MS Life contributed to the construction of 25,000 homes in 2024, and now aims to double that to 50,000 in 2025.
