The scheme is now at an advanced stage of implementation. It will be financed by both intenal accurals and credit.
Discussions are also on for a possible new issue to add to funds.
Discussions are on with a U.S and European firm for technical assistance, and a final decision on this would be taken within two to three months. The company's steel division plans to expand its wire and wire rope production with a Rs 35 -crore scheme at its factory at Shyamnagar.