Steel
The Company forayed into the Steel manufacturing business in the Year 2012 when Wave Industries commissioned a Steel Plant in Dhanaura, Uttar Pradesh, alongside its Sugar manufacturing unit. The Plant commenced its manufacturing operations from the Year 2013. Since, then the Wave Industries Private Limited has been contributing to the Steel Sector of India.
The Company produces from 8 – 32 mm, grades ranging from FE 500 – 600 D by meeting all the statutory standards through good engineering practices.
The Company manufactures high quality TMT (Thermo Mechanical Treated Reinforcement Bars) made from the best quality Billets satisfying the highest industry standards. The unit is equipped with the State-of-the-Art technology including Induction furnace, LRF and auto control rolling facility under one roof to cater to the requirements of the market in TMT segment.
The Government of India aims to scale up steel production in the country to 300 MT by 2025 from 81 MT in 2013-14.
The Ministry of Steel & Mines has reiterated the commitment of Central Government to support the steel industry to reach a production target of 300 Million tonne Per Annum (MTPA) by 2025.
India is expected to become the world's second largest producer of crude steel in the next 10 years, moving up from the third position, as its capacity is projected to increase to about 300 MT by 2025. There is huge scope for consumption & growth due to increased infrastructure construction and the thriving automobile and railways sectors.
This facility at Wave’s steel plant includes melting, rolling and ready-made steel manufacturing and the commercial production from this plant commenced in 2013, since then it’s been contributing to India’s manufacturing output.