ARS Group plans to expand TMT bars production capacity by June

CHENNAI ARS Group expands TMT bar production, introduces new corrosion-resistant product, aims for ₹1,000 crore turnover by FY25.

ARS Steels and Alloy International Pvt. Ltd. (ARS Group) is all set to commence the operations of its expanded capacity of TMT bars by June, said founder and MD Ashwani Kumar Bhatia.

“We recently received environmental clearance for the Gummidipoondi expansion project at a cost of ₹100 crore,” he told journalists.

“Though there was a delay of more than two years in getting necessary clearances, there is no cost over run, as we had already imported the necessary equipment. The plant will go on stream by June,” he said.

The city-based manufacturer of TMT bars proposes to double the production capacity of furnace from 1.4 lakh tonnes to 2.8 lakh tonnes and rolling mill from 1.80 lakh tonnes to 2.5 lakh tonnes.

The company hopes to close FY24 with a turnover of ₹900 crore and touch the ₹1,000-crore mark in FY25.

On Monday, ARS Group unveiled a new product – ARS CRS 550D – a highly corrosion and earthquake resistant bar for all type of constructions, “born out of insight gathered during quality awareness campaign held throughout Tamil Nadu in recent months.”