Sumangala Steel bullish about the future

0
133

Sumangala Steel bullish about the future

Chennai, Sumangala Steel (P) Ltd, conducted a press conference address by Mr Rajendran Sabanayagam, Chairman & Managing Director along with Mr Ashwin Sabanayagam, President and Director of the company at Taj Coramandel, Chennai.

Sumangala Steel is a Chennai based private limited company that has a capacity of producing 2,00,000 tons per annum and is expected to touch Rs 1,000 crores this year. The conference addressed the press about focus of the employees, quick desicion making strategy and timely investments that helped in the growth of the company by Mr Rajendra Sabanayagam.

Mr Ashwin Sabanayagam addressed the gathering about the future plans of the comapny, ready-made steel from Italy, modern scrape shredder and investments plans in the TMT industry.

The above investment of Rs 50 crores is expected to enable SSL to achieve higher profitability along with a sale of 1,500 crores within the next 2 years.