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M M Forgings plans expansion programme

M M Forgings is planning an expansion programme with an investment of Rs. 400 million. The project involves debottlenecking its forging plant in Chennai, Tiruchi and Madurai which increase its capacity by 2000 tonnes. Currently, the company sources steel from Karnataka, where it is facing shortage because of ban in iron ore mining. Now, it plans to procure from Andhra Pradesh and Orissa though it will be expensive.

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