Latest Project Updates
Steel Ingot Mfg. Expansion Unit in Udham Singh Nagar, Uttarakhand
Executive Summary: A steel Ingot/billets manufacturing project is planned in Jagannathpur, Bajpur, Uttarakhand, with a capacity of 220,000 TPA for steel Ingot/billets, TMT bar, M.S. angle, M.S. patti, and M.S. pipes. The estimated cost is Rs. 72.5 million. Construction starts and ends in November 2024. The project awaits environmental clearance from India's Ministry of Environment, Forest, and Climate Change as of July 2023.
Rs.141 Million New S. S. Ingots and Ingots & Billets Rolled Products Mfg. Project in Gujarat
Executive Summary: A steel company plans to set up a manufacturing project in Gujarat for S. S. ingots and ingots & billets rolled products. The project aims to produce 2400 MT/Month of S. S. ingots and 9000 MT/Month of ingots & billets rolled products. The estimated cost is Rs. 141.8 million. Construction is scheduled from July 2023 to July 2023. As of July 2023, the project has been submitted for environmental clearance.
Rs.100 Million Rolling Mill Expansion Project in Palakkad, Kerala
Executive Summary: A steel manufacturing expansion project is planned in Palakkad, Kerala, with capacities for M.S. ingots/billets and steel bars. Construction will take place from October 2023 to February 2024, and the project is estimated to cost Rs. 100 million. As of July 2023, it has been submitted for environmental clearance to the State Level Environment Impact Assessment Authority.
New Rolling Mill Project in Ludhiana, Punjab
Executive Summary: A company is initiating a new rolling mill project in Sirah, Ludhiana, Punjab with a steel bar manufacturing capacity of 116,550 TPA. The estimated cost is Rs. 80.2 million, and the construction is planned from December 2023 to July 2024. The project awaits environmental clearance from the Ministry of Environment, Forest and Climate Change of India as of July 2023.
Rs.137 Million New Rolling Mill Mfg. Project in Ludhiana, Punjab
Executive Summary: A metallurgical unit expansion project is planned in Ludhiana, Punjab. The project aims to increase capacity from 138 MT/day to 350 MT/day, with an estimated cost of Rs. 200 million. Construction is scheduled from July to August 2023. As of July 2023, the project involves manufacturing capacities for various steel products and awaits environmental clearance from the Ministry of Environment, Forest, and Climate Change of India.
Rs.255 Million New Tubes Mfg. Expansion Project in Durg, Chhattisgarh
Executive Summary: A company plans to expand its existing operations in Chhattisgarh by adding a tubes manufacturing project with a capacity of 90,000 MT. The expansion also includes enhancing sponge iron, MS billet, and rerolled steel production, and adding a new pipe mill with an investment of Rs. 250 million. The project aims to meet the region's demand for tubes, pipes, and fittings, creating employment opportunities and contributing to Chhattisgarh's economic growth. It is awaiting environmental clearance as of July 2023.
Rs.87830 Million New Greenfield Refinery Project in Mundra, Gujarat
Executive Summary: A new greenfield refinery project with an estimated cost of Rs.60710 million is planned for Mundra, Gujarat. The project will involve setting up a state-of-the-art refinery to process crude oil and produce high-quality petroleum products. Financial closure for the project has been achieved as of June 2022 through a syndicate club loan. The project is expected to generate employment opportunities, promote local economic development, and support India's growing demand for energy.
New Stainless Steel Seamless Mfg. Project in Meshsana, Gujarat
Executive Summary: A metal and tubes company plans to initiate a stainless steel manufacturing project in Rajpur, Gujarat, with a capacity of 12000 MTPA. The estimated cost is Rs. 98.225 million, and construction is scheduled to begin and end in July 2023. The project is currently awaiting environmental clearance from the State Level Environment Impact Assessment Authority.
MS Billets Mfg. Expansion Project in North Goa, Goa
Executive Summary: A steel manufacturing project in Madkai, Goa, aims to expand M.S. billet and TMT bars capacity. The estimated cost is Rs. 10 million, and construction is planned for January 2024. Environmental clearance is currently being examined by the State Level Environment Impact Assessment Authority as of July 2023.
Rs.37768 Million New Integrated Steel Plant in Purbi Singhbhum, Jharkhand
Executive Summary: A company plans to establish an integrated steel plant in Jharkhand, India, producing various steel products and generating 250 MW of power. The project, costing Rs. 37,768 million, is under consideration for environmental clearance and is scheduled for construction between October 2024 and September 2031.