Latest Project Updates
Rs.1200 Million New Greenfield Ferro Alloy Plant in Giridih, Jharkhand
Executive Summary: A developer is launching a ₹120 crore greenfield ferroalloy plant in Giridih, Jharkhand, featuring three 9 MVA furnaces. The facility will produce up to 63,200 TPA of various ferroalloys, including low-carbon variants via a 20-ton AOD unit. Construction is slated for December 2026 to October 2027, following environmental clearances submitted in February 2026.
Rs.69900 Million New Integrated Steel Plant in Saraikela Kharsawan, Jharkhand
Executive Summary: A new greenfield integrated steel plant is proposed at Nimdih, Sangira, in Saraikela Kharsawan district, Jharkhand. The project involves setting up a 1.2 MTPA steel manufacturing facility with an estimated investment of Rs. 69,900 million. Construction is planned from June 2026 to March 2030. As of February 2026, the project has been submitted for state-level environmental clearance.
Rs.7824 Million Steel Plant Expansion Project in Ramgarh, Jharkhand
Executive Summary: A steel manufacturer proposes a major expansion of its existing plant in Ramgarh district, Jharkhand. The project includes enhanced capacities for sponge iron, billets, pig iron, sinter, pellets, rolling mill products, ferro alloys, and captive power generation with allied facilities. The investment is estimated at Rs. 7,824.7 million. Construction is planned from January 2027 to January 2032, with environmental clearance under state-level review.
Rs.400 Million Pig Iron Mfg. Expansion Project in Saraikela-kharsawan, Jharkhand
Executive Summary: A pig iron manufacturing expansion is proposed at Gamharia in Saraikela-Kharsawan district, Jharkhand. The project includes pig iron, billet casting, briquette production, and captive power generation, along with expansion of an existing coke oven plant and WHRB-based power facility. The total investment is about ₹400 million. Construction is planned from December 2026 to December 2028, with environmental clearance under process.
Rs.3727 Million Grey, SG, CI & ADI Casting Components Mfg. Expansion Project in Saraikela Kharswan, Jharkhand
Executive Summary: A new manufacturing facility for grey, SG, CI, and ADI casting components is planned in Baliguma, Adityapur, Jharkhand. The facility, expected to produce 23,520 tons annually, will be built with an investment of Rs. 1,734.4 million. Construction is set to begin in November 2024 and finish by November 2028. The project is currently awaiting environmental clearance.
Rs.5150 Million New Integrated Steel Plant in Saraikela, Jharkhand
Executive Summary: A new integrated steel plant is planned in Kamalpur Village, Sini, Jharkhand, featuring a DRI plant (462,000 TPA sponge iron), a steel melt shop (198,000 TPA MS billets), and a rolling mill (192,233 TPA TMT bars/structural steel). The project, estimated at Rs.5,150 million, will be constructed from April 2026 to July 2027. Environmental clearance is under review by the Ministry of Environment, Forest, and Climate Change.
Rs.700 Million Hospital Expansion Project in Jamshedpur, Jharkhand
Executive Summary: A hospital expansion is proposed in Jamshedpur, Jharkhand, involving construction of a new 150-bed multi-specialty facility as part of a plan to develop a 1,000-bed hospital network within two years. The project entails an investment of ₹700 million and is targeted for commissioning by the end of Q3 FY27. An MoU for the project has been signed as of December 2025.
Rs.9500 Million Ferro Alloys Expansion Project in East Singhbhum, Jharkhand
Executive Summary: A ferro alloys manufacturer is undertaking a major expansion at its plant in Jharkhand to significantly enhance metal, sponge iron, and power generation capacities. The project includes new ferro alloy units, steelmaking, rolling, pellet, and fly ash brick facilities, along with expanded captive power. With an investment of about Rs.9,500 million, construction is planned from October 2026 to October 2027 and awaits environmental clearance.
New Chlorinated Paraffin Mfg. Unit in Palamu, Jharkhand
Executive Summary: Star Polymers plans to set up a new chlorinated paraffin manufacturing unit at Dandila Khurd in Palamu district, Jharkhand, with a capacity of 58,800 TPA. The project involves an estimated investment of Rs. 72.4 million. Construction is scheduled from April 2026 to April 2027, and the proposal has been submitted for environmental clearance as of December 2025.
Rs.740 Million New Coal Tar Distillation Plant in Kodarma, Jharkhand
Executive Summary: Kodarma Petrochemicals plans a new coal tar distillation plant in Gumo, Jhumritelaiya, Kodarma, Jharkhand. The greenfield project, costing Rs.740 million, will produce 100,000 TPA coal tar products, including 54,000 TPA coal tar pitch, 10,000 TPA naphthalene, 20,000 TPA anthracene oil, and others. Construction is scheduled from July to December 2026. As of December 2025, it has been submitted for environmental clearance.