Latest Project Updates
Rs.665 Million Steel Expansion Project in Fatehgah Sahib, Punjab
Executive Summary: A steel expansion project in Ambey Majra, Punjab, aiming to enhance unit capacity by replacing existing furnaces with two 15 TPH induction furnaces and installing a rolling mill. Post-expansion, the unit will produce 1,06,000 TPA steel Billets and 1,06,000 TPA round TMT bars, flats, etc. The project, estimated at Rs. 220 million, involves construction from June 2024 to June 2025. Environmental clearance is in process since April 2018, with a submission to the Ministry of Environment, Forest, and Climate Change in January 2024.
Rs.4316 Million New Aluminium Foils Mfg. Project in Ahmedabad, Gujarat
Executive Summary: An aluminum foils manufacturing project in Sanand, Gujarat, with a capacity of 37,944 MTPA. The project, initiated in May 2019, involves an investment of Rs. 4,316.5 million. Construction is scheduled from April to August 2024. The project, submitted to the Ministry of Environment, Forest, and Climate Change, is currently under examination for environmental clearance.
Rs.488 Million Roller, Bearing Cup & Cones Mfg. Expansion Project in Seraikela Kharsawan, Jharkhand
Executive Summary: A significant expansion of roller manufacturing in Tirildih, Jharkhand, with a targeted capacity of 2400 metric tonnes per annum. The visionary project involves an estimated investment of Rs. 188.460 million. In October 2023, the company secured approval from state pollution control authorities for the project, emphasizing their commitment to environmental norms. By January 2024, the expansion encompasses rollers, bearing cup & cones with a capacity of 15000 MT/Annum, requiring an investment of Rs. 488.483 million.
Rs.1090 Million Rebar & Wire Rods Mfg. Expansion Project in East Singhbum, Jharkhand
Executive Summary: A wire rod manufacturing project in Jamshedpur, Jharkhand, with a capacity of 3750 TPM for wire rod and 500 TPM for rebar, costing Rs. 366.3 million. The project obtained environmental consent in May 2020. An expansion in October 2023 involves increased capacity and new products, with an investment of Rs. 875.332 million. By January 2024, further expansion includes rebar, wire rods, and graphene, with a total investment of Rs. 1090 million. Environmental consent has been obtained for this expansion.
Rs.250 Million New Steel Manufacturing Unit in Ludhiana, Punjab
Executive Summary: An Indian Non-Government Company is planning to take up new steel manufacturing unit in Village Kaddon, Tehsil Doraha, Ludhiana, Punjab. The project involves to setup new manufacturing plant will have three no’s of Induction furnaces having capacity 15 TPH & two no 12TPH each, LRF, VD and continuous casting machine and one no rolling mill.
Rs.3800 Million New Iron Ore Pellet Plant in Wardha, Maharashtra
Executive Summary: a major iron ore pellet plant expansion is planned by a leading steel manufacturer. The project, valued at Rs. 3800 million, includes a 2 x 1000 TPD Iron ore Pellet Plant, a Coal Gasifier, a 2 x 500 TPD Sponge Iron plant, and a 50 MW CPP. Construction begins in April 2024, concluding by April 2026. As of January 2024, the project awaits environmental clearance, reflecting commitment to regulatory compliance.
New Chrome Ore Beneficiation Plant in Cuttack, Odisha
Executive Summary: In Cuttack, Odisha, a new Chrome Ore Beneficiation Plant is planned by a mining company. The project, valued at Rs.36.088 million, aims to set up the plant over a 3.020-acre area with a throughput capacity of 19,000 TPA. Construction is slated to begin in April 2024, concluding by June 2024. As of January 2024, the project awaits environmental clearance, underscoring a commitment to regulatory compliance in mining activities.
New Cold Drawn Welded and Cold Drawn Seamless Tube Mfg. Project in Pune, Maharashtra
Executive Summary: A cold drawn welded and cold drawn seamless tube manufacturing project in Pune, Maharashtra. The project, located in Koregaon Bhima, involves producing tubes with phosphating activity, boasting a capacity of 630 MT/M. Estimated at Rs.96.5 million, the project has secured approval from state pollution control authorities as of January 2024.
New Forging of Ferrous and Non- Ferrous Metals Mfg. Project in Faridabad, Haryana
Executive Summary: A forging company, situated in Plot no 96, Sector 25, Faridabad, Haryana, is undertaking a ferrous and non-ferrous metals manufacturing project. The estimated cost is Rs.84.256 million, and as of January 2024, the company has obtained consent from state pollution control authorities for project establishment.
Rs.500 Million New Billet Mfg. Unit in Ahmadabad, Gujarat
Executive Summary: A company plans to set up a new billet manufacturing unit in Ahmadabad, Gujarat with a capacity of 1.2 MTPA, estimated cost of Rs.500 million. Environment clearance underway as of Jan 2023.