The company is on the verge of completing its 21 billion rupee capital expansion

The company is on the verge of completing its 21 billion rupee capital expansion "With all our expansion projects more or less complete, we are sophisticated focusing on volume-driven growth. In the current fiscal our revenue on a standalone basis should be at least 27 billion rupees," Managing Director Rajeev Jhawar told reporters.

The company is on the verge of completing its 21 billion rupee capital expansion, and boost annual steel capacity to around 600,000 tonnes by March 2011 from 320,000 tonnes during FY10, he said.The firm sees FY11 margins at 21 percent from 19.7 percent a year ago.

"During the April-Sept period our operating margins stood at 21.3 percent as against 17.4 percent last year. However, with the increase in raw material prices, there is increasing pressure on sophisticated the margins," he said."To maintain the margins at 21 percent, speciality steel price has to increase by $30-40 per tonne, in the coming months."