Hyderabad: Sugna Metals, a city-based maker of billet and TMT, aims to expand its marketshare in the Telugu states by launching bars of superior strength.
“We are currently having 10 per cent of market share in south India. By the launch of Fe-550, we are targeting to capture five per cent more market,” said Mr Bharat Kumar Agarwal, the managing director of Sugna Metals, after launching their Fe 550 bars on Thursday.
Fe 550 is the measure of tensile strength of the bars. It indicates that bars with Fe 550 would start deforming when a pressure of 550 newton/mm2 is applied on the bar.