Latest Project Updates
Specialty Alloy and Stainless Steel Long Products Mfg. Expansion Project in Gujarat
Executive Summary: A specialty alloy and stainless steel long products manufacturing expansion is planned in Gujarat. The project focuses on enhancing production capacity to support advanced steel requirements. As of February 2026, the initiative is in the strategic implementation phase, supported by Memorandums of Understanding signed with the Ministry of Steel under the PLI Scheme 1.2.
Rs.3610 Million Precision Gauge Stainless Steel Mfg. Expansion Project in Chhattisgarh
Executive Summary: A precision gauge stainless steel manufacturing expansion is planned in Chhattisgarh. The project aims to add capacity for thin precision gauge stainless steel and alloy and rolled products between FY26 and FY28. With an estimated investment of Rs. 3,610 million, the initiative is supported by an MoU with the Ministry of Steel under the PLI Scheme 1.2.
Rs.230 Million Steel Mfg. Unit Expansion Project in Fatehgarh Sahib, Punjab
Executive Summary: A major expansion of an existing steel manufacturing unit is proposed in Mandi Gobindgarh, Punjab. The project will significantly increase capacity for steel ingots, billets, TMT bars, and structural steel through new induction furnaces and a reheating furnace. With an investment of Rs. 230 million, construction is planned from March 2027 to April 2028, subject to state environmental clearance approval.
Rs.16520 Million Steel Plant Expansion Project in Purulia, West Bengal
Executive Summary: A large-scale expansion of an existing steel plant is proposed in Purulia, West Bengal. The project includes installation of multiple steelmaking, rolling, sintering, power generation, and auxiliary units to significantly enhance capacity. With an investment of Rs. 16,520 million, construction is planned from February 2026 to January 2029 and is under state-level environmental clearance review.
Rs.3840 Million New Railway Component Mfg. Project in Khordha, Odisha
Executive Summary: A new railway component manufacturing project is proposed in Khordha, Odisha. The project involves establishing a dedicated production facility with an estimated investment of Rs. 3,840 million. As of February 2026, the project has received investment approval from the Government of Odisha.
New Steel Rolling Unit in Ludhiana, Punjab
Executive Summary: A steel rolling unit is planned in Tehsil-Payal, District-Ludhiana, Punjab with a production capacity of 270000 MTPA for MS billets/ingots, rounds, bars/flat/square. The estimated cost is Rs.478 million with environment clearance underway. Project is in planning stage as of January 2023.
Rs.143684 Million Bhilai Steel Plant Expansion Project in Durg, Chhattisgarh
Executive Summary: A major steel plant in Chhattisgarh is undertaking a large modernization and emission-control project involving replacement of converter systems and installation of advanced secondary emission facilities. The EPC project, under phased implementation, targets significant capacity expansion in hot metal, crude steel, and finished steel output. Construction spans 2023–2033, with substantial investment and pending environmental clearance.
Rs.69900 Million New Integrated Steel Plant in Saraikela Kharsawan, Jharkhand
Executive Summary: A new greenfield integrated steel plant is proposed at Nimdih, Sangira, in Saraikela Kharsawan district, Jharkhand. The project involves setting up a 1.2 MTPA steel manufacturing facility with an estimated investment of Rs. 69,900 million. Construction is planned from June 2026 to March 2030. As of February 2026, the project has been submitted for state-level environmental clearance.
Rs.100 Million Steel Melting Shop Expansion Project in Salem, Tamil Nadu
Executive Summary: A steel manufacturer proposes an expansion of its steel melting shop and rolling mill in the Salem district of Tamil Nadu. The project entails upgrading production facilities with an estimated investment of Rs. 100 million. Construction is scheduled to commence in May 2026 and conclude by April 2027. The proposal has been submitted for state-level environmental clearance as of February 2026.
Rs.7824 Million Steel Plant Expansion Project in Ramgarh, Jharkhand
Executive Summary: A steel manufacturer proposes a major expansion of its existing plant in Ramgarh district, Jharkhand. The project includes enhanced capacities for sponge iron, billets, pig iron, sinter, pellets, rolling mill products, ferro alloys, and captive power generation with allied facilities. The investment is estimated at Rs. 7,824.7 million. Construction is planned from January 2027 to January 2032, with environmental clearance under state-level review.