Latest Project Updates
Rs.10220 Million New Cold Rolling Unit in Kutch, Gujarat
Executive Summary: A new cold rolling unit is to be established in Villages Ratadiya and Kundrodi, Mundra, with a production capacity of 58,333 metric tons per month. The project is estimated to cost Rs.10220 million, and construction will take place from August to October 2023. As of May 2023, environment clearance is underway. The project is expected to boost the local economy and generate employment opportunities.
Rs.5753 Million Forging Unit Expansion Project in Seraikela Kharsawan, Jharkhand
Executive Summary: A forging company is expanding its unit and fabrication and assembly capacity in Jharkhand. The project involves an investment of Rs. 5,753.1 million and is expected to be completed by November 2024. The company has started the construction activities and is waiting for environmental clearance as of May 2023.
New Steel Casting Plant in Shimoga, Karnataka
Executive Summary: A company plans to establish a grain-based ethanol plant in Telangana with a capacity of 200 KLPD along with a 4.5 MW co-generation power plant. The project is estimated to cost Rs. 2,206.4 million and the construction is expected to begin in July 2023. The environmental clearance for the project is underway as of May 2023.
New Re-Rolling Mill in Kamrup, Assam
Executive Summary: A steel company plans to set up a new re-rolling mill in Betkuchi, Dispur, Kamrup, Assam. The project aims to establish a re-rolling mill with a production capacity of TMT bars and rods of different sizes, totaling 18000 TPA, with an estimated cost of Rs.97.539 million. Construction began in April 2023 and ended in May 2023. As of May 2023, environment clearance for the project is underway.
Mild Steel Products Mfg. Project in Kamrup, Assam
Executive Summary: A company is planning to establish a mild steel products manufacturing project in Kamrup, Assam. The project involves manufacturing MS ingots, angles, rods, hot rolled and flat bars. The estimated cost of the project is Rs.34.3 million, and the construction is planned from April 2023 to May 2023. As of May 2023, the company is awaiting environmental clearance for the project.
New Manganese Oxide Mfg. Plant in Nagpur, Maharashtra
Executive Summary: A company is planning to establish a 100 KLPD grain-based ethanol plant in Omerga MIDC, Maharashtra, along with a 3.35 MW co-generation power plant. The project is expected to cost Rs.1500 million and construction is set to begin in June 2023, with a projected completion date of December 2024. As of May 2023, the company is awaiting environmental clearance.
Rs.3351 Million Sponge Iron Expansion Plant in West Bardhman, West Bengal
Executive Summary: A company is planning to expand its sponge iron plant in West Bengal. The project will include a DRI Kiln, SMS unit, rolling mill, sinter plant, ferro alloy plant, and captive power plant. The project will cost around Rs. 3351.3 million and is expected to be completed between June 2023 and December 2024. Environmental clearance is currently pending.
Rs.85600 Million Integrated Steel Plant Expansion Project in Raipur, Chhattisgarh
Executive Summary: An integrated steel plant in Siltara Industrial Growth Center, Chhattisgarh is planning an expansion project to modernize its blast furnace, sinter plant, pellet plant, coke oven, air separation unit, rolling mill, DRI plant, and cement grinding unit. The estimated cost is Rs. 85600 million, and the project is awaiting environmental clearance. The expansion is set to increase production capacity, improve efficiency, and create job opportunities.
Rs.1364 Million New Si-Mn Ferro-Alloys Production Plant in Maharashtra
Executive Summary: A new Si-Mn ferro-alloys production plant is planned to be set up in Gumgaon Mines, Dist- Nagpur, Maharashtra, with an estimated cost of Rs.1364.4 million. The project involves installing a 1x18 MVA submerged arc furnace for ferro-alloys production, with a production capacity of 25,000 TPA Silico-Manganese. The project has received final environmental clearance from the Ministry of Environment and Forests.
Rs.1200 Million Steel Plant Expansion Project in Paschim Bardhaman, West Bengal
Executive Summary: Leading iron & steel manufacturer expands capacity in West Bengal, investing Rs. 1,200 million. Final environmental clearance received in April 2023, bolstering regional growth.