Sumangala Steel plans to expand to achieve Rs 15 billion revenue

02 Nov 2022 CW Team

Sumangala Steel, headquartered in Chennai, is embarking on a multi-pronged expansion strategy, including a 50 crore investment in new units, in preparation for future growth. Starting with a modest capacity of 12,000 tonnes per annum in 1987, the company, a manufacturer of billets and TMT bars, now has a capacity of more than 200,000 tonne. The company had developed the capacity and capabilities to capitalise on the emerging steel demand, which was driven by infrastructure development and the housing sector. It expects its current capacity of 200,000 tonne at its Puducherry factory to meet the demand for the next two years. Currently, capacity utilisation is between 70 and 75 per cent.

Also read:
UMC plans to construct 100% cement-concrete roads in Thane
MMRDA unveils longest steel deck on Mumbai Trans Harbour Link

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..