Latest Project Updates
Rs.60000 Million New Integrated Steel Plant in Gaya, Bihar
Executive Summary: A large greenfield integrated steel plant is proposed in Bihar along the Gaya–Dobhi Road industrial corridor, covering about 600 acres. Planned investment is around Rs. 6,000 crore, with phased development targeting 2 MTPA capacity to produce TMT bars, wire rods, and alloy steel. The project awaits initial government clearance and aims to boost regional industrial growth.
Rs.510 Million New Iron Ore Beneficiation Plant in Sundergarh, Odisha
Executive Summary: A new iron ore beneficiation plant is proposed in Sundergarh, Odisha, involving the installation of modern beneficiation facilities. The project entails an estimated investment of Rs. 510 million and aims to enhance local mineral processing capacity. As of February 2026, the proposal has secured investment approval from the Government of Odisha and supports regional industrial growth and employment opportunities creation.
Rs.620 Million New Silica Brick Mfg. Plant in Sundergarh, Odisha
Executive Summary: A new silica brick manufacturing plant is proposed in Sundergarh district, Odisha, as an expansion of an existing refractories unit. The project aims to enhance production capacity with an estimated investment of ₹620 million. As of February 2026, consent to establish has been granted by the state pollution control authorities, allowing the project to move forward.
Rs.545 Million Alumina based Refractories Mfg. Pllant in Koraput, Odisha
Executive Summary: An alumina-based refractories manufacturing plant is proposed in Koraput district, Odisha. The project involves setting up a dedicated unit to produce alumina-based refractory products with an estimated investment of ₹545 million. As of February 2026, the project has secured investment approval from the Government of Odisha, supporting its planned development.
Rs.18460 Million New Greenfield Steel Plant in Puruliya, West Bengal
Executive Summary: A greenfield integrated steel plant is proposed in Puruliya district, West Bengal. The facility will manufacture pellets, sponge iron, billets, rolled products, grinding media balls, pig iron or ferro alloys, and low-carbon ferrochrome, supported by a 165 MW captive power plant. The ₹18,460-million project targets construction from June 2027 to November 2028 and is awaiting environmental clearance under regulatory review.
Rs.35270 Million New Greenfield Steel Plant in Balod, Chhattishgarh
Executive Summary: A greenfield integrated steel plant is proposed in Balod district, Chhattisgarh. The project includes beneficiation, pelletisation, sponge iron, billets, rolling mills, ferro alloys, pig iron, briquetting, and captive power facilities. With an investment of ₹35,270 million, construction is planned from November 2026 to July 2031. The project is under state-level environmental clearance review.
Rs.1957 Million New Sponge Iron Mfg. Project in Rajnandgaon, Chhattisgarh
Executive Summary: A greenfield DRI-based steel manufacturing project is proposed at Joratarai in Rajnandgaon district, Chhattisgarh. The project includes sponge iron production, ferro alloy units, pig iron facilities, captive power generation, and fly ash brick manufacturing. The total investment is estimated at Rs.1,957.5 million. Construction is planned from October 2026 to September 2028, with environmental clearance currently under evaluation.
Rs.450 Million Alloy and Stainless Steel Rolled-Long Products Mfg. Expansion Project in India
Executive Summary: A steel manufacturer is planning to expand its alloy and stainless steel rolled-long products capacity across India. The phased project aims to increase annual output from 18,000 TPA to 80,000 TPA during FY26–FY30, with an estimated investment of Rs.450.8 million. As of February 2026, MoUs have been signed with the Ministry of Steel under the PLI Scheme 1.2.
Cold Finished Seamless Tubes Mfg. Expansion Project in Purba Medinipur, West Bengal
Executive Summary: An engineering and steel company has entered into a Memorandum of Understanding with the Government of India under the PLI Scheme 1.2 for Specialty Steel. The agreement marks its participation in the national programme aimed at boosting domestic production of high-grade specialty steel and reducing reliance on imports.
Rs.1907 Million New Greenfield Steel Plant in Bilaspur, Chhattisgarh
Executive Summary: A new greenfield steel plant is proposed at Sakarra, Takhatpur, Bilaspur, Chhattisgarh. The project includes a 350 TPD DRI kiln, 10 MW WHRB power plant, 5 MW FBC power plant, and a brick manufacturing unit. With an investment of Rs. 1,907.1 million, construction is planned from March 2026 to March 2031 and is under state environmental clearance review.