Usha Martin announces 10% growth

Usha Martin also registered a 28 per cent increase in its value added products such as wire and wire ropes to over 122,000 tonnes.

Usha Martin Limited, a leading producer of speciality steel and wire rope, has achieved a growth of 10 per cent in steel production to touch 323,000 tonnes in the fiscal year 2005-06.

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Usha Martin also registered a 28 per cent increase in its value added products such as wire and wire ropes to over 122,000 tonnes, a company release said Monday.

The company has announced a price increase of Rs 2,000 a tonne on its steel and value added products with immediate effect.

Usha Martin has manufacturing facilities in Ranchi, Jamshedpur and Hoshiarpur in India, besides Britain, Thailand and United Arab Emirates.