Latest Project Updates
Rs.1550 Million Ferro alloy Mfg Expansion Project In Saraikela-kharsawan, Jharkhand
Executive Summary: A major manufacturing expansion project in Raidih-Palgam, Chandil, Jharkhand, plans to increase production to 120,000 TPA of sponge iron and 30,000 TPA of ferro alloys, along with establishing a 20 MW captive power plant. With an investment of Rs. 1,550 million, construction is set to begin in February 2025 and complete by February 2026, pending environmental clearance.
Rs.349.1 Million Billets, TMT Bar / Rods Mfg. Expansion Project in Giridih, Jharkhand
Executive Summary: A manufacturing expansion project in Mohanpur, Giridih, Jharkhand, plans to increase the production of billets from 60,000 TPA to 1,48,500 TPA and TMT bars/rods from 21,349 TPA to 2,37,600 TPA. The project, with an estimated cost of Rs. 349 million, is slated to start in August 2025 and finish by February 2027.
New Thermal Power Project in Jharkhand
Executive Summary: A new thermal power project is planned in Koderma, Jharkhand, involving the setup of a 2*800 MW Supercritical Thermal Power Plant. Awarded through International Competitive Bidding, the 1,600 MW project has been secured on an EPC basis from Damodar Valley Corporation. As of August 2024, preparations are underway to advance this significant energy initiative.
Rs.1400 Million Sponge Iron Plant Expansion Project in Giridih, Jharkhand
Executive Summary: A steel plant expansion in Giridih, Jharkhand, will increase capacity and add a 15 MVA submerged arc furnace for ferro alloys and a 20 MW captive power plant, with a total investment of Rs.1050 million. Construction is planned from December 2024 to December 2026. The project is under environmental clearance review by the Ministry of Environment, Forest and Climate Change.
New Hotel Construction Project in Ranchi, Jharkhand
Executive Summary: A new hotel construction project in Dhurwa, Ranchi, Jharkhand, will feature modern amenities including extensive banqueting areas, diverse food and beverage options, and a wellness center. As of July 2024, the project has received consent from the state pollution control authorities, aiming to enhance the local hospitality sector and support economic growth.
Rs.1915 Million New Traction Substation Project in Jharkhand
Executive Summary: A new traction substation project in Jharkhand involves designing, supplying, installing, testing, and commissioning a 132 KV substation with sectioning posts and sub-sections. Estimated to cost Rs. 1,915.3 million, the project has received a letter of acceptance from the Electrical Division of the South Eastern Railway as of July 2024, aiming to enhance railway traction efficiency.
Rs.1500 Million New ESI Hospital Construction Project in Bokaro, Jharkhand
Executive Summary: A healthcare organization plans to build a 100-bed ESI Hospital in Bokaro, Jharkhand, costing Rs. 1500 million. Construction begins in November 2024 and is set to finish by May 2027. Currently in the idea stage, the project will use the EPC route to enhance local healthcare infrastructure and services.
Rs.1500 Million New ESI Hospital Construction Project in Deoghar Jharkhand
Executive Summary: A new 100-bed hospital is planned for construction in Deoghar, Jharkhand, with an estimated cost of Rs. 1500 million. Construction will begin in November 2024 and is expected to be completed by May 2027. As of July 2024, the project is in the idea stage and will be developed through the Engineering, Procurement, and Construction (EPC) route.
New Hotel Construction Project in Jamshedpur, Jharkhand
Executive Summary: A new 55-room hotel is being constructed in Adityapur, Jamshedpur, Jharkhand, and is expected to open by February 2025. The project is currently underway and has partnered with Wyndham Hotels & Resorts as of July 2024 to ensure high-quality standards and management.
Rs.2695 Million New Kathara Coking Coal Washery Project in Bokaro, Jharkhand
Executive Summary: A new coking coal washery project in Bandh and Kathara, Tehsil Gomia, Bokaro, Jharkhand, aims to develop a facility with a 3 MTPA (11,000 TPD) capacity. The estimated cost is Rs. 2695 million. As of June 2024, the project is pending environmental clearance, with the Ministry of Environment requesting additional details for consideration.