Latest Project Updates
Rs.7941 Million New Chemical Fertilizer Mfg. Plant in Maharashtra.
Executive Summary: A new DAP/NPK fertilizer and phosphoric acid plant is being planned with an estimated cost of Rs.4500 million. The project involves setting up a 1000 TPD plant in either Gujarat or Maharashtra. Approval has been granted by the Board of Directors, suggesting a commitment towards expansion and future growth
Rs.9600 Million Sponge Iron Plant Expansion Project in Chandrapur, Maharashtra
Executive Summary: A major industrial project in Maharashtra involves expanding facilities for induction furnace, rolling mill, and submerged arc furnace, aiming to produce ingots, billets, TMT, and ferro alloys. The multifaceted initiative, with an estimated cost of Rs. 7600 Million, has undergone environmental clearance processes since July 2019. Additional expansions in 2021 and 2022 increased sponge iron and power plant capacities, with a total investment of Rs. 3000 Million and Rs. 9600 Million, respectively. As of December 2023, the project awaits clearance from the Ministry of Environment, Forest, and Climate Change in India.
Rs.300 Million Steel Plant Expansion in Raigad, Maharashtra
Executive Summary: A steel plant in Khopoli, Maharashtra, plans to increase M.S. tube production capacity from 72,000 to 1,32,000 metric tons per annum. Having doubled capacity in 2015, the current pre-project stage involves backward integration expansion by 40,000 MTPA. Anticipated for completion by Q4 FY25, the expansion incorporates a state-of-the-art cold rolling mill and steel sheet galvanizing facility, funded through internal accruals at a total Capex of ~Rs.300 million.
Rs.5368 Million Explosives and Defense Products Mfg. Expansion Project in Nagpur, Maharashtra
Executive Summary: An explosive materials manufacturer, is set to expand its capacity in Nagpur, Maharashtra. The project involves increasing production in Detonating fuses, Slurry Emulsion Explosives, Penta Erithritol Tetra Nitrate, Pentolite, Cyclotetra Methylene Tetra Nitramine, Rdx, Rdx Compounded Product, Bulk Emulsion, and TNT.
Rs.74190 Million New Pane Pumped Storage Project in Maharashtra
Executive Summary: A new Pumped Storage Project in Maharashtra plans to install reversible Francis turbines with a total capacity of 1500 MW. The project, comprising upper and lower reservoirs, follows an Open Loop PSP design, without connecting to natural river sources. The upper reservoir, atop a hill, has a 73m dam, while the lower reservoir in a valley has a 72m dam. The estimated cost is Rs. 74,190.6 million, with construction starting in November 2024 and expected completion by August 2028. The environmental clearance process is under examination as of December 2023.
Rs.310 Million New Single Super Phosphate Mfg. Project in Solapur, Maharashtra
Executive Summary: A new single super phosphate manufacturing project is underway in MIDC Chincholi, Maharashtra. Envisioned by an undisclosed entity, the project aims to establish a chemical fertilizer manufacturing unit with an annual production capacity of 1,20,000 metric tons of single super phosphate. The estimated cost is Rs.310.75 million, and construction activities are scheduled from January to December 2024.
Rs.468 million New Packaged Drinking Water Plant in Nagpur, Maharashtra
Executive Summary: A A packaged drinking water plant is set to emerge in Nagpur's MIDC Butibori Industrial Area, led by a prominent player. The project, with an estimated cost of Rs.468.8 million, aims for a monthly capacity of 6000 kiloliters. In a significant update as of December 2023, the company has secured consent from state pollution control authorities, highlighting its commitment to environmentally responsible operations in the essential packaged drinking water sector.
Rs.1250 Million New Integrated Common Hazardous Waste Treatment Facility in Raigad, Maharashtra
Executive Summary: An integrated common hazardous waste treatment, storage, disposal, and recycling facility in Patalganga Industrial Area, Raigad, Maharashtra, with a capacity of 300,000 TPA. Estimated at Rs.1250 million, construction is slated from June to September 2024. As of November 2023, the project is under examination for environmental clearance after submission to the Ministry of Environment, Forest, and Climate Change of India.
Rs.590 Million New Sugar Unit in Solapur, Maharashtra
Executive Summary: A new ethanol manufacturing project in Watwade, Solapur, Maharashtra, with a capacity of 8.1 million liters. Initially filed in January 2019, the project evolved from expanding the sugar unit to enhancing the ethanol, sugar, and co-gen plant capacities. The current phase, focusing on ethanol production with a 50 KLD capacity and an investment of Rs.590 million, has received consent from state pollution control authorities as of November 2023.
Rs.5500 Million New Dairy Plant in Nagpur, Maharashtra
Executive Summary: A new dairy plant is set to transform Butibori, Nagpur, Maharashtra, with an estimated investment of Rs.5500 million by a prominent player in collaboration with the National Dairy Development Board. The groundbreaking ceremony, held at the Agrovision Expo in November 2023, marks the initiation of this strategic venture, aiming to meet the increasing demand for dairy products, boost employment, and contribute to the regional economy.