POWMEX STEELS-Import-Substitution Project

included the re-engineering of several ranges of motors to improve product performance and appearance.
The results of the furnace division were adversely affected by the national slump in the mini-steel industry caused by the shortage of steel scrap. However, the division further enhanced its technical lead in the industry during the year by commissioning India's most powerful arc furnace with a capacity of 25 tonnes and a power rating of 1,000 KVA/T. These ultra high power arc furnaces, which have been designed and developed by the division, reduce energy consumption in steelmaking by up to 15 per cent.