Ratanpur Steel Re-Rolling Mills Limited announced that its Board of Directors has decided to purchase machineries for increasing the production capacity to 3,57,200 metric ton per annum to meet the demand for RSRM X POWER TMT 500W re-bars. Agreement with suppliers will be signed on August 17, 2015 for supplying and commissioning of the machineries. The approximate cost to complete the modernization scheme will be BDT 900 million and the modernization work is expected to be completed by December, 2016.