The Hindu Business Line: "On completion of the ongoing expansion programme in the course of the current fiscal, Mr Daga pointed out, the capacity would rise to 3,79,000 tonnes annually from the earlier 1,78,000 tonnes. The first phase work was completed in October 2008.
The total investment was estimated at Rs 625 crore of which around Rs 200 crore had already been spent.
The funding was partly by way of rights issue (Rs 374 crore) completed in September-October last year and the balance through loan. Following the issue, the Tata Steel's stake in the company increased from 32 per cent to 45 per cent."
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