Latest Project Updates
Rs.4550 Million New Sponge Iron Expansion Project in Chittoor, Andhra Pradesh
Executive Summary: An Indian steel manufacturing company is planning to expand its production capacity of sponge iron, ingots, and billets through induction furnaces, establish new power plants, and arc furnaces. The project also includes a brick manufacturing unit with a capacity of 50k bricks. The estimated cost of the project is Rs.4550 million. The company is awaiting environmental clearance for the project, which is expected to boost the local economy and generate employment opportunities.
Rs.430 Million Stainless Steel Billets Expansion Plant in Valsad, Gujarat
Executive Summary: A stainless steel billet expansion plant is being planned in Umbergaon, Valsad, Gujarat with an estimated cost of Rs.430 million. The project is pending environmental clearance as of May 2022.
New Alloy Steel Mfg. Project in Paschim Bardhaman, West Bengal
Executive Summary: A company plans to set up a new alloy steel manufacturing project in West Bengal, with a 10 T electric arc furnace, a ladle refining furnace, and continuous caster to produce 33,000 TPA alloy steel ingots/billets. The project's estimated cost is Rs.77 million, and environmental clearance is currently underway as of May 2022.
Rs.2400 Million New Ferro Alloys unit in Mahasamund, Chhattisgarh
Executive Summary: A company is planning to establish a new ferroalloy unit in Mahasamund, Chhattisgarh with 2 x 12 MVA, producing FeSi, FeMn, SiMn, FeCr, and Pig Iron, with Mn ore Sinter Plant, AOD Converter and Briquetting Plant. The project is estimated to cost Rs.2400 million and the environment clearance is underway as of May 2022.
Rs.365 Million New Installation of Ferro-Alloy Plant in Bankura, West Bengal.
Executive Summary: A firm is planning to install a ferro alloy plant in West Bengal with 2x9 MVA furnaces for Si-Mn, Fe-Mn, Fe-Si, and Fe-Cr production. The project involves installing chrome ore briquette plant with a capacity of 10 TPH. The estimated cost is Rs.365.3 million, and environment clearance is underway.
Rs.654 Million New Steel Mfg. Unit in Fatehgarh Sahib, Punjab
Executive Summary: A well-respected steel manufacturer plans to expand with a new production unit capable of producing billets, TMT bars, wire rod, & more with 620 TPD capacity. The project, estimated at Rs.654.9 million, shows the company's commitment to growth. Awaiting environmental clearance, the company aims to build responsibly & provide top-quality products to customers.
Rs.14000 Million New Iron ore Grinding & Desliming Unit in Kendujhar, Orissa
Executive Summary: A leading steel company is planning to set up a new iron ore grinding & desliming unit in Barbil, Orissa with a capacity of 6 MTPA in phase 1 and a 12 MTPA slurry transport pipeline in phase 2. The estimated cost is Rs.14000 million, with environmental clearance underway as of May 2022.
Rs.303 Million Steel Manufacturing Unit Expansion Project in Fatehgarh Sahib, Punjab
Executive Summary: A well-established steel manufacturing company is expanding its production unit by upgrading its furnace, rolling mill, and CCM capacity. The expansion project aims to increase steel production from 28,700 TPA to 1,57,500 TPA and has an estimated cost of Rs.303.4 million. The company is awaiting environmental clearance and is committed to providing high-quality products to its customers.
Rs.886 Million Steel Industry Expansion Project in Gandhinagar, Gujarat
Executive Summary: A steel industry expansion project is underway in Gujarat, with plans to increase the manufacturing capacity of various steel products including bright bars and SS steel. The estimated cost of the project is around Rs.1890.5 million and environment clearance has been granted.
Rs.8500 Million New Greenfied Steel Plant in Bemetara, Chhattisgarh
Executive Summary: A greenfield steel plant is being planned in Bemetara, Chhattisgarh, with iron ore beneficiation, pellet plant, DRI kilns, induction furnace, rolling mill, ferro alloy unit and more, with a total estimated cost of Rs. 8500 million. As of May 2022, environment clearance is underway.