Latest Project Updates
Rs.1828 million New Machining of Auto Components Expansion Unit in Seraikela- Kharsawan, Jharkhand
Executive Summary: A Forging & Castings Unit in Gamharia, Jharkhand, producing 32,400 TPA of iron and steel castings. Project expansion in November 2023 includes increasing auto component capacity to 18,000 Mt/Annum, with a Rs. 1828.6 million investment. The company has secured consent from state pollution control authorities for project establishment, which began in October 2016.
New Castings Products Mfg. Project in Palwal, Haryana
Executive Summary: A castings products manufacturing project in Agwanpur, Palwal, Haryana. The project, focusing on the production of castings products, is anticipated to cost Rs.1410 million. As of November 2023, the company has secured consent from state pollution control authorities for the establishment of the project.
Rs.166 Million New Piping Fabrication and Pipe-Fittings Project in Palwal, Haryana
Executive Summary: A piping fabrication and pipe-fittings project in Palwal, Haryana, estimated at Rs.166.38199 million. The project involves the manufacturing of piping fabrication and pipe-fittings. As of November 2023, the company has obtained consent from state pollution control authorities to establish the project.
Rs.92.96 Million Iron Ore Beneficiation Project in Gadchiroli, Maharashtra
Executive Summary: A new iron ore beneficiation project in Gadchiroli, Maharashtra, with a capacity of 1,500,000 MT/Day and a 300 TPH screen plant (3 Ton/hr). The project, costing Rs.92.96 million, has received consent from state pollution control authorities for establishment as of November 2023.
Rs.450 Million New Sponge Iron Mfg. Project in Raipur, Chhattisgarh
Executive Summary: A sponge iron manufacturing project in Gaitra & Raikheda, Chhattisgarh, with an estimated cost of Rs.450 million. The project includes a DRI plant, WHRB, AFBC power plant, submerged electric arc furnace, and table top furnace. Construction is scheduled from April 2023 to December 2024. Accepted by the Ministry of Environment, Forest, and Climate Change as of November 2023, the project is now referred to the Expert Appraisal Committee.
Rs.400 Million New TMT Bars Mfg. Project in Kutch, Gujarat
Executive Summary: A TMT bars manufacturing project in Morgar, Gujarat, with a capacity of 99,996 MTPA, estimated at Rs.400 million. Construction is scheduled from January to July 2024. As of November 2023, the project has been submitted to the State Level Environment Impact Assessment Authority for environmental clearance.
Rs.5800 Million New Mini Steel Plant in Baloda Bazar, Chhattisgarh
Executive Summary: A mini steel plant in Ghughuwadih Village, Chhattisgarh, with an estimated cost of Rs.4900 million. The project involves DRI kilns, induction furnaces, rolling mills, ferro alloy unit, power plants, gasifier, briquetting plant, and brick manufacturing unit. Environment clearance is underway since April 2021. Construction is scheduled from July 2024 to March 2029. Accepted by the Ministry of Environment, Forest, and Climate Change as of November 2023, the project is referred to the Expert Appraisal Committee.
Rs.180 Million New MS Billets and Angle Channel Mfg. Expansion Project in Palghar, Maharashtra
Executive Summary: A steel manufacturing project in Amagaon, Maharashtra, plans to expand MS billet and angle channel production, increasing capacities from 28,000 to 72,600 TPA and 28,000 to 70,000 TPA, respectively. Estimated at Rs.180 million, construction begins in January 2024 and ends in January 2025. Approved by India's Ministry of Environment, the project reflects a commitment to sustainable growth and innovation in the steel industry.
Rs.222 Million New Steel Mfg. Expansion Unit in Fatehgarh Sahib, Punjab
Executive Summary: A steel manufacturing expansion in Mandi Gobindgarh, Punjab, includes upgrading an Induction Furnace from 7 TPH to 12 TPH, adding a new 15 TPH Induction Furnace, while maintaining the existing Rolling Mill and Pipe Plant. This move will increase the total production capacity to 410 TPD (1,43,500 TPA) for various steel products. The project, estimated at Rs.222.224 million, is scheduled for construction from May to August 2024, pending clearance from the State Level Environment Impact Assessment Authority as of November 2023.
Rs.3600 Million New Alloy Billets and Ingots Mfg. Project in Aurangabad, Maharashtra
Executive Summary: A new alloy billets and ingots manufacturing project in Maharashtra, India, aims to produce 3,60,000 tpa of various steel products. The estimated project cost is Rs.3600 million. Construction is set to begin in December 2023, concluding in December 2025. As of November 2023, the project is in the environmental clearance process with the Ministry of Environment, Forest and Climate Change of India.