In April and May this year, it has commissioned four important plants - a 30 MW power plant, a bloom mill, a second direct reduction iron (DRI) and the wire rod mill.

The company plans to spend Rs.2,100 crore on capacity expansion, and has spent Rs.1,800 crore so far.

It wants to increase steel manufacturing capacity to 900,000 tonnes by the end of the current fiscal.

Jhawar said that with the commissioning of all the projects the cost of production would come down by Rs.4,000 per tonne. The present cost of production is Rs.21,000 per tonne.