VMS TMT · tone and specificity signals across the available quarters.
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Earlier when we were manufacturing TMT bars, we were purchasing billets from the outside market. We were reheating them and making TMT bars. After the CCM plant and hot charging has been incorporated, now we are procuring raw material in form of scrap from across the world and the cost of raw material has gone down in the sense like earlier we used to buy billet at 42,000 rupees a ton. Now we are buying scrap at around 35,000 rupees a ton.
Gujarat itself has a huge potential about 4 and a half five lakh tons of TMT is sold across Gujarat and currently we are about having 15,000 tons of sale on a monthly basis. So there is still a lot of scope to expand in Gujarat itself.
We sell under the brand name of Kenu in Gujarat which is at a premium in the market in Gujarat of about approximately 1,500 rupees per ton over all the regional brands. So our dealers and our network is very loyal to us.