In civil construction, producing steel TMT reinforcement bars (rebars) to required size, shape and quantities and fixing them at site is a major time-consuming activity in fact, a bottleneck and challenge in achieving the targeted construction cycle time.
Kalyani Steels Ltd (KSL) is a part of the over $3 billion Kalyani Group, promoted by Babasaheb Neelkanth Kalyani. Bharat Forge Ltd, the flagship company of the group, is the largest forging company in the world with a FY2015 turnover of Rs 45.48 billion.
It is not for nothing that the Tata Group's flagship company, Tata Steel, is reputed for having an acquisitive arm. Since the acquisition of Corus, it has secured a place amongst the top 10 steel manufacturers in the world.