|Mr.Aditya Jajodia, MD|
Plants of Jai Balaji Group:
It has a sponge iron manufacturing unit with a capacity of 1,05,000 tonnes per annum at Mangalpur Industrial Estate, near Raniganj. The Mangalpur Industrial Estate complex also has a mild steel ingot manufacturing unit with an installed capacity of 16,600 tonnes per annum. At Durgapur, West Bengal, it has a mild steel ingot manufacturing unit having an installed capacity of 78,720 tonnes per annum with four furnaces of a capacity of 6 tonnes each, and the re-rolling mill uses the Thermex technology from Germany for manufacturing of TMT bars. The group has set up two mini blast furnaces with an installed capacity of 80,500 tonnes per annum. The group has a presence at Raniganj, Liluah and Rourkela. Jai Balaji Industries has acquired sponge iron manufacturer Nilachal Iron & Power Ltd (NIPL), with a sponge iron plant located at Saraikela in Jharkhand. Therefore, buy the scrip without fail at the CMP of Rs.35-35.50, before, it starts hitting like Twilight Litaka Pharma Ltd, another T-group scrip which is giving good returns to the investors.