Latest Project Updates
Rs.5150 Million New Integrated Steel Plant in Saraikela, Jharkhand
Executive Summary: A new integrated steel plant is planned in Kamalpur Village, Sini, Jharkhand, featuring a DRI plant (462,000 TPA sponge iron), a steel melt shop (198,000 TPA MS billets), and a rolling mill (192,233 TPA TMT bars/structural steel). The project, estimated at Rs.5,150 million, will be constructed from April 2026 to July 2027. Environmental clearance is under review by the Ministry of Environment, Forest, and Climate Change.
Rs.12250 Million Steel Plant Expansion Project in Paschim Bardhaman, West Bengal
Executive Summary: A steel plant expansion project is planned at Mangalpur Industrial Complex, Raniganj, West Bengal. The project includes enhancement of iron ore beneficiation and pellet plants, coal washery, DRI kilns, captive power plants, and installation of new furnaces, PCI, oxygen, and producer gas units, along with a 0.3 MTPA paver block and brick unit. Estimated cost is Rs.12,250 million, with construction from April 2026 to March 2029, and environmental clearance is under review.
New Steel Billet And Ingot Mfg. Project in Ludhiana, Punjab
Executive Summary: A steel manufacturer plans a billet and ingot production project in Ludhiana, Punjab, with an initial capacity of 118,800 tonnes. The proposal includes expansion of an existing steel unit to 336,000 MTPA with an investment of Rs.200 million. Construction is scheduled from November 2026 to October 2027 and has been submitted for state environmental clearance as of January 2026.
Rs.10000 Million New Titanium Castings and Superalloy Castings Project in Uttar Pradesh
Executive Summary: A new manufacturing facility is planned in Lucknow, Uttar Pradesh, for producing titanium ingots and processing them into high-quality titanium and superalloy castings. Initial pre-project activities began in June 2025. The expansion will increase production capacity to 6,000 MTPA for ingots and superalloys, 6,000 MTPA for forging, and 2,500 MTPA for castings, with a total investment of Rs. 10,000 million. Construction is scheduled from June 2026 to October 2027, with environmental clearance submitted to the State Level Authority.
Machining and Heat Treatment Expansion Project in Coimbatore, Tamil Nadu
Executive Summary: A new foundry unit is planned in Oorattukuppai Village, Coimbatore, Tamil Nadu, to enhance ferrous castings and composite mill liner production. The project will expand melting capacity to 80,000 TPA, saleable castings to 57,600 TPA, and liners to 50,000 TPA. Construction began in April 2024 and is targeted for completion by March 2030. As of January 2026, machining and heat treatment expansion worth Rs. 660 million is under implementation.
Rs.12500 Million New Integrated Steel/Power Unit in Indore, Madhya Pradesh
Executive Summary: A new integrated steel and power unit is planned in Indore, Madhya Pradesh, with an estimated investment of Rs.12,500 million. As of December 2025, the project has secured land allotment, marking a key step toward its development.
Structural Steel Mfg. Expansion Project in Raigarh, Chhattisgarh
Executive Summary: A structural steel manufacturing expansion project is planned at a facility in Raigarh, Chhattisgarh, aiming to double capacity from 1.2 MTPA to 2.4 MTPA. The project is scheduled for completion by mid-2028. As of December 2025, statutory consent to establish has been received from the state pollution control authorities, enabling progression toward implementation.
Rs.650 Million New Steel Casting Products Mfg. Unit in Ganjam, Odisha
Executive Summary: A new steel casting products manufacturing unit is proposed in Ganjam district, Odisha. The project involves setting up a dedicated steel casting facility with an estimated investment of ₹650 million. As of December 2025, the project has received investment approval from the State Level Single Window Clearance Authority, enabling it to proceed to the next stages of development.
Rs.500 Million High-precision Forged Components Mfg. Expansion Project in Howrah, West Bengal
Executive Summary: A manufacturing firm plans to expand its high-precision forged components facility in Domjur, Howrah, West Bengal, producing 11,000 TPA for railway and defense applications on 0.82 acres. The Rs.500 million project is in the implementation phase, with civil works and machinery orders initiated in late 2025, and operations expected to start by February–March 2026.
Rs.9500 Million Ferro Alloys Expansion Project in East Singhbhum, Jharkhand
Executive Summary: A ferro alloys manufacturer is undertaking a major expansion at its plant in Jharkhand to significantly enhance metal, sponge iron, and power generation capacities. The project includes new ferro alloy units, steelmaking, rolling, pellet, and fly ash brick facilities, along with expanded captive power. With an investment of about Rs.9,500 million, construction is planned from October 2026 to October 2027 and awaits environmental clearance.