Latest Project Updates
Rs.1670 Million New TMT Rebar Mill in Jajpur, Odisha
Executive Summary: A new TMT rebar mill with a production capacity of 500,000 metric tonnes per year is being established in Kalinga Nagar, Jajpur, Odisha. The project has an estimated cost of Rs. 1670.3 million and has been approved by the State Single Window Clearance & Monitoring Authority in June 2022. The project work has commenced as of July 2022 and is expected to create job opportunities in the region while contributing to the economic growth of Odisha.
Rs.723 Million New Rolling Mill Expansion Project in Jharkhand
Executive Summary: A new Rolling Mill project in Jharkhand with a capacity of 58,500 TPA is estimated at Rs.140 million. It received final environmental clearance in March 2017. Additionally, an expansion of sponge iron production from 90,000 to 99,000 TPA, along with a 12.5 MW captive power plant, is underway with an investment of Rs.723 million, awaiting environmental clearance as of July 2022.
New Pre-Enggineered Steel Building Mfg. Project in Vikarabad, Telangana
Executive Summary: A company is planning to establish a pre-engineered steel building manufacturing project in Telangana, with a capacity of 7,000 TPA, at an estimated cost of Rs.63 million. The company has received consent from the state pollution control authorities to establish the project as of July 2022.
Rs.3800 Million New Sponge Iron Plant in Chitradurga, Karnataka
Executive Summary: A company is planning to establish a sponge iron plant with a capacity of 4x100TPD and various other facilities, such as a 1 MTPA desciation plant, a 0.6 MTPA pellet plant, and a 10 MW captive power plant. The estimated cost is Rs.3800 million, and as of July 2022, the environment clearance for the project is underway.
Rs.5700 Million Rolling Mill Regularization Project in Palghar, Maharashtra
Executive Summary: A manufacturer is planning to expand its rolling mill in Maharashtra with an investment of Rs.5700.9 million. The project includes regularization of the mill to produce various steel products such as round bars, wire rods, fasteners, pipes, angles, and billets with a total capacity of 1,45,000 TPM.
Rs.1805 Million New Steel Plant in West Medinipur, West Bengal
Executive Summary: A steel company is planning a new plant in West Bengal with induction furnace, cold rolling mill, coal gas, power, and red hot billets for seamless pipe production. The estimated cost is Rs.1805 million and environmental clearance is underway. The company also has a 3.1 million ton per annum integrated steel plant project underway with a captive power plant and investment of Rs.29000 million.
Rs.276 Million MS Ingots / Billets and TMT Bars Expansion Project in Jaipur, Rajasthan
Executive Summary: A company is planning an expansion project to increase production of MS ingots/billets and TMT bars. The project involves expanding from 15k TPA to 45k TPA for MS ingots/billets and from 29k TPA to 195k TPA for TMT bars on 13,125 sq. m of land. The estimated cost is Rs. 276.6 million, with environment clearance underway as of July 2022.
Rs.2800 Million New Ferrous & Non Ferrous Mfg. Project in Jalna, Maharashtra
Executive Summary: A company in Jalna, Maharashtra plans to expand ops by setting up a new mfg facility for ferrous & non-ferrous products, incl 2 40-ton induction furnaces with a production capacity of 396K metric tons per annum of M.S. billets & a rolling mill to produce TMT bars. Est. cost: INR 2800 million. Obtaining environment clearance.
Rs.3530 Million New Pellet Plant Installation Project in Paschim Burdwan, West Bengal
Executive Summary: AIC Metaliks spearheads a transformative Rs. 3,530M project in West Bengal, featuring a pellet plant, DRI kilns, induction furnaces, rolling mill, and a 26 MW captive power plant, securing environmental clearance in July 2022, driving local industrial growth and employment opportunities.
New Metal Faberication Mfg. Project in Sirmour, Himachal Pradesh
Executive Summary: A new metal fabrication manufacturing project has been approved in Behral Village, Paonta Sahib, Sirmour, Himachal Pradesh, with a production capacity of 90,000 Kg and an estimated cost of Rs. 5.048 million. The project received approval from the State Single Window Clearance & Monitoring Authority in April 2022, and the work has commenced as of July 2022. The project is expected to create job opportunities and promote socio-economic development in the region while increasing the production capacity of metal fabrication products.