The construction work of new project was completed during the month of February, 1997. Similarly necessary plant and machinery for increase in the capacity upto 16mm thickness of HR/CR Coils has been installed in the month of February, 1997. The installed capacity has been utilised to the tune of 55% of installed capacity based on the job orders received by Comp. from consumers/manufacturers. The lower capacity utilisation at 55% of installed capacity was due to adverse market conditions during the year under review.