Steel and engineering company Electrotherm has, for the first time in the country, introduced a new modular continuous casting machine for billet products for the secondary steel market. The first of the machine, manufactured in the company's Gujarat facility, was installed at Sarwottam Ispat Ltd's plant near Hyderabad. It has a throughput capacity of over 15 tonnes per hour.
Electrotherm claims that the casting machine was almost half the price of the machines currently being used by the domestic secondary steel market. The installed cost of a machine currently in operation is between Rs 3.5 and Rs 4 crore, but our machine can be installed at a cost of Rs 1.5 to Rs 2 crore. These units are mainly aimed at small steel companies for cost effective production, Mr Suneel Kulkarni, Executive Director of the company, told media persons here.http://www.thehindubusinessline.com/companies/article2436345.ece