KOLKATA: Maithan Alloys, a company engaged in manganese and ferro alloy mining and exports, is planning to invest Rs. 275 crore in setting up a 1.2 lakh tonne capacity ferro alloy unit in Andhra Pradesh.

Subhas Chandra Agarwalla, Managing Director, said at a press conference here on Wednesday that the project would be completed by 2011. The financial closure is expected by March 2009.