Resumes 100% of its Steel TMT bars manufacturing capacity across the country
New Delhi, 6 Jan, 2021: Kamdhenu Limited, a well-diversified group in steel and paint, has resumed its production capacity of branded TMT bars to pre-Covid levels in the wake of recovery in the demand of steel products. Kamdhenu Group has a unique franchisee model for manufacturing units and currently having more than 75 franchisee manufacturing units across the country.
The Covid-19 outbreak in India, followed by the national lockdown, halted businesses across sectors for some time and impacted them severely. The company had resumed 50% of its manufacturing capacity post unlock Phase-I when relaxations were given by the Government to industries in May 2020. It reached resumption of 80 percent of its operations in the month of August.
Mr. Satish Kumar Agarwal, CMD, Kamdhenu Group, said, “We, at Kamdhenu Group, have now effectively resumed 100% of our operations i.e. to pre-Covid capacity levels at our steel TMT bars manufacturing units. Our Paints business has also showing recovery in demand and working on full capacity. With the dedication and hard work of our teams, we are looking for new higher targets and achievements for our group and will continue to focus on providing quality products to our customers”.
Mr Agarwal said he was quite bullish for the company as well as the industry in the coming days, “With a gradual revival of the economy and unlocking of industries across India post COVID-19, activities in construction and various projects have picked up and demand in the domestic market has surged. Additionally, affordable housing and rural development can improve construction activity. Indian Steel Market has started showing signs of recovery. Government measures towards investment in the Indian infrastructure sector like railways and highways will significantly drive the demand for steel and its products. We are very positive for the coming future and going forward, we aim to increase our market share in the domestic TMT segment. We are also looking to penetrate further into markets where our presence is less and strengthen our footprints in existing geographies.”