Latest Project Updates
Rs.3000 Million New Research and Development Facility in Karanataka
Executive Summary: A new Research and Development Facility, costing Rs. 3000 million, is planned in Karnataka, receiving approval from the state government as of March 2024. This initiative aims to drive innovation and technological advancements across sectors, fostering regional development and positioning the area as a hub for research excellence.
Rs.3100 Million New Gun Mfg. Facility in Karnataka
Executive Summary: A new Gun Manufacturing Facility, with an estimated cost of Rs. 3100 million, is planned in Karnataka, receiving approval from the state government as of March 2024. This initiative aims to enhance indigenous defense production and strengthen national security capabilities while stimulating economic growth in the region.
Rs.110 Million New Mineral Beneficiation Plant in Tumkur, Karnataka
Executive Summary: A mineral beneficiation plant is planned in Rajatadripura Village, Tiptur, Tumkur, Karnataka, with a capacity of 449056.988 MTPA, costing Rs. 110 million. Construction begins in March 2024 and ends in March 2026. The project has been accepted by the Ministry of Environment, Forest, and Climate Change and referred to the Expert Appraisal Committee as of March 2024.
Rs.1205 Million New Multi Grain Based Biofuels/Distillery Plant in Haveri, Karnataka
Executive Summary: A multi-grain biofuels/distillery plant in Haveri, Karnataka, producing 120 KLPD rectified spirit/ENA/fuel ethanol and a 3 MW captive power plant, costing Rs.1205.2 million. Construction begins October 2024, ending October 2025. The project awaits environmental clearance from the Ministry of Environment, Forest and Climate Change, submitted as of March 2024.
Rs.190 Million New Sponge Iron Plant in Ballari, Karnataka
Executive Summary: A new sponge iron plant is planned in Sandur, Karnataka, with a capacity of 72000 MTPA, costing Rs.190.2 million. Construction is set from April 2024 to April 2027. The project is awaiting environmental clearance from the Ministry of Environment, Forest and Climate Change, under examination as of March 2024.
Rs.4787 Million New Sugar Unit in Vijayapura, Karnataka
Executive Summary: A new sugar unit project in Tadavalga Village, Karnataka, involves establishing a 4500 TCD Sugar Unit, 24 MW Co-generation Unit, and 200 KLPD Multi-feed Distillery. Estimated at Rs.4787.9 million, construction starts October 2024, ends December 2025. Ministry of Environment approval obtained, referred to Expert Appraisal Committee as of February 2024.
Rs.650 Million New Dedicated Jetty Development Project in Dakshina Kannada, Karnataka
Executive Summary: A dedicated jetty development project in Mangaluru, Karnataka, aims to enhance connectivity to Lakshadweep. Key features include wharf construction, passenger lounge, godown, public facilities, dredging, and road improvements, with an estimated cost of Rs.650 million. Submitted for environmental clearance as of February 2024, signaling a commitment to sustainable development.
Rs.55000 Million New Grain Oriented Electrical Steel Products Mfg. Unit in Bellary, Karnataka
Executive Summary: A new grain oriented electrical steel products manufacturing unit is planned in Bellary, Karnataka, aiming for production commencement by fiscal year 2027. The Rs. 55,000 million project, facilitated by a 50:50 joint venture with Japan’s JFE Steel Corporation, signifies a strategic partnership to enhance capabilities and market presence in this critical sector.
Mathodu Cement Grinding Unit Expansion Project in Chitradurga, Karnataka
Executive Summary: A cement grinding unit expansion project in Karnataka involves increasing capacity from 0.3 to 0.5 MTPA, with import cement packing and crushers installation. Estimated at Rs. 71.4 million, construction starts in September 2024. The project, submitted for environmental clearance in February 2024, aims to enhance production while complying with regulations.
Rs.980 Million New Sponge Iron Plant in Ballari, Karnataka
Executive Summary: A new sponge iron plant is planned in Belagal, Ballari, Karnataka, by an undisclosed company. The project includes a Sponge Iron Plant, Induction Furnace, Rolling Mill, and Captive Power Plant, with an estimated cost of Rs.980 million. Construction begins in April 2024, aiming for completion by April 2025. As of February 2024, the project awaits environmental clearance from the Ministry of Environment, Forest and Climate Change of India.