Latest Project Updates
New Aluminium Alloy Ingots Mfg. Project in Tiruvallur, Tamilnadu
Executive Summary: A company is planning to establish an aluminium alloy ingots manufacturing project in Tamil Nadu with a monthly capacity of 1420 MT of aluminium alloy ingots, 500 MT of zinc alloy ingots, 125 MT of copper alloy ingots, and 42 MT of magnesium alloy ingots. As of April 2023, the company has received consent from state pollution control authorities to proceed with the project.
Rs.297 Million New Mild Steel Billets Mfg. Project in Cachar, Assam
Executive Summary: A new project to manufacture mild steel billets in Sri Kona II, Katigora, Cachar, Assam with a capacity of 35640 TPA and an estimated cost of Rs. 297 million has been constructed between April 2022 and April 2023. As of April 2023, the company is still waiting for environmental clearance for the project.
Rs.321 Million New Steel Mfg. Project in Fatehgarh Sahib, Punjab
Executive Summary: A company is planning to set up a new solar power project in Kavali, Nellore, Andhra Pradesh, with a capacity of 10 MW. The project is expected to cost around Rs. 500 million. As of April 2023, the land acquisition process is underway, and the project is awaiting clearance from the state authorities.
Rs.30000 Million New Rail Mill in Angul, Odisha
Executive Summary: A new rail mill is planned to be set up in Angul, Odisha, with an annual capacity of 1.2 million tonnes per annum. The estimated cost of the project is Rs.30,000 million, and it will double the total rail-making capacity to 2.2 MTPA. The initiative aims to meet the growing demand for high-quality rails in India, and pre-project activities are currently underway. The project will create new job opportunities and support the local economy.
Rs.750 Million Iron and Steel Expansion Project in Nagpur, Maharashtra
Executive Summary: A company is planning to expand its iron and steel production capacity in Lapka Village, Nagpur District of Maharashtra. The project involves expanding the production of M.S. Billets, TMT Bars, and M.S. Pipes. The project is estimated to cost Rs.750 Million. As of April 2023, the project has received final environment clearance from the Ministry of Environment and Forests.
Rs.245 Million Oil Tempered Steel Wire Expansion Project in Jharkhand
Executive Summary: An unidentified Indian company is planning to set up a 5 GW solar manufacturing plant in Karnataka with a potential investment of $3.6 billion. The proposed facility is expected to produce solar cells, modules, wafers, and ingots. The company aims to cater to both the domestic and export markets and has already acquired the land for the project. The timeline for the project and funding details are yet to be disclosed.
Rs.9298 Million New Cold Rolling Project in Rewari, Haryana
Executive Summary: A company is planning to establish a new cold rolling project in Haryana. The project involves manufacturing cold rolling with a capacity of 1,197,200 metric tons per annum, with an estimated cost of Rs.9,298.7 million. The construction activity is expected to start in April 2023 and end by May 2024. As of April 2023, the company is in the process of obtaining environmental clearance for the project.
Rs.2620 Million New CRCA Sheets and Steel Pipes Mfg. Project in Palwal, Haryana
Executive Summary: A company plans to set up a CRCA sheets and steel pipes manufacturing project with an estimated cost of Rs. 2620 million in Haryana. The project will involve a manufacturing capacity of 801175 MTPA and construction will start in September 2023 and end in December 2024. As of April 2023, environment clearance for the project is underway.
Rs.171 Million New Mineral Beneficiation Plant in Bellary, Karnataka
Executive Summary: A company is planning to establish a mineral beneficiation plant in Lakshmipura village, located in Karnataka, India. The project aims to set up a facility with a capacity of 0.768 MTPA at an estimated cost of Rs.171.7 million, with construction scheduled to begin in April 2023 and end in April 2028. The plant will process low-grade iron ore and generate high-grade iron ore concentrate. Environmental clearance for the project is currently underway.
Rs.211 Million New Steel Mfg. Project in Fatehgarh Sahib, Punjab
Executive Summary: A company is planning to establish a steel manufacturing project in Punjab with a capacity of 131250 MTPA, estimated to cost Rs.211 million. Construction is expected to begin in December 2023 and end in March 2024, while the environment clearance is currently underway.