Kerala   

Steel unit for modernisation

OTTAPPALAM: Industries Minister Elamaram Karim will inaugurate a Rs.4.7-crore modernisation project of the Steel Industrials Kerala Limited's foundry unit here on August 17.

The government-funded project will increase the unit's production capacity to 2,400 tonne of value-added casting annually.

Senior manager A. Moosakutty said the project included infrastructure development (Rs.142 lakh), mechanisation (Rs.178 lakh) and allied ancillary development (Rs.150 lakh). It was expected to bring an annual turnover of Rs.17 crore, he said.

The modernised unit would provide direct employment to 250 persons and indirect employment to equal number. The unit would manufacture graded and value-added castings like fly-wheel, engine base, cylinder block, machine body and gears, he added.

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