Stocks In News - Expansion

1. Indsil Hydro Power and Manganese's joint venture overseas subsidiary launched expansion project.
2. The company's joint venture overseas subsidiary Al-Tamman Indsil Ferrochrome LLC has launched its 2nd Phase expansion project.
3. The expansion programme consists of installing one more 24 MVA sub merged arc furnace to produce ferro chrome. 
4. This will be in addition to the two existing 24 MVA sub merged arc furnaces presently producing ferro chrome,
5. the low carbon silico ferro ferro chrome manufacturer.
6. With this expansion, the capacity will move up from 75,000 tonne per year to 1,15,000 tonne per year of ferro chrome.
7. The expansion work would take around 12 months and commissioning of the third furnace is expected by December 2019.