Latest Project Updates
Rs.4700 Million Sponge Iron Plant Expansion Plant in Anantpur, Andhra Pradesh
Executive Summary: A metallurgical firm plans a large steel-plant expansion in Anantapur, Andhra Pradesh. The project adds upgraded DRI kilns, new induction furnaces, a rolling mill, power plants, a coal gasifier, and a brick unit, with a total investment of Rs.4700 million. Construction is scheduled from January 2026 to March 2029. As of December 2025, the project is awaiting State environmental clearance.
Rs.1413 Million Sponge Iron Plant Expansin Project in Bankura, West Bengal
Executive Summary: A steel manufacturer is expanding its existing sponge iron facility, doubling production from 60,000 TPA to 120,000 TPA through a new 200 TPD DRI kiln and adding ferro-alloy production, a 12 MW captive power plant, and related units. With investments exceeding Rs. 1,400 million, construction is planned from March 2026 to December 2027, and the project is currently under SEIAA review for environmental clearance.
Rs.300 Million Steel Plant Expansion Project in Khordha, Odisha
Executive Summary: A steel producer in Kalinga Nagar, Odisha is developing a 0.3 MTPA stainless steel rolling project costing Rs. 5,470 million, with investment approval already secured. A further expansion includes upgrading induction furnace capacity to 445,500 TPA while retaining existing rolling, structural, and galvanized units, with an added Rs. 300 million investment. Construction is planned from June 2026 to May 2027, and the project is currently under environmental clearance review.
Rs.3500 Million New Giga Critical Minerals Refining Complex in Bengaluru, Karnataka
Executive Summary: A cleantech firm plans a critical minerals refining complex in Bengaluru, featuring a Phase-1 capacity of 15,000 MTPA with an expected annual throughput of 13,400 tonnes. The project, valued at Rs. 3,500 million, aims to boost domestic mineral processing capabilities. As of December 2025, the company has signed an MoU with the Karnataka government to advance the initiative.
Rs.120 Million Steel Plant Expansion Project in Paschim Medinipur, West Bengal
Executive Summary: A steel company plans an expansion project in Paschim Medinipur, West Bengal, involving the addition of a coke oven battery, modifications to pellet plant capacities, and an increase in captive power generation by 10 MW. The project targets production adjustments across metallurgical coke, iron ore pellets, pellet fines, and concentrate. The estimated investment is Rs. 120 million, with state pollution control consent secured as of November 2025.
Rs.6000 Million New Iron Ore Beneficiation Plant in Keonjhar, Odisha
Executive Summary: A new iron ore beneficiation plant is planned in Keonjhar, Odisha, with an estimated investment of Rs. 6,000 million. The project aims to enhance iron ore processing capacity in the region. As of November 2025, it has received investment approval from the State Level Single Window Clearance Authority, clearing a key regulatory step for development.
Rs.247 Million Steel Plant Expansion Project in Raigarh, Chhattisgarh
Executive Summary: A steel plant expansion is planned in Chiraipani, Raigarh, Chhattisgarh, increasing induction furnace capacity from 30,000 TPA to 1,15,200 TPA and rolling mill output from 30,000 TPA to 1,11,744 TPA. Estimated at Rs. 247.7 million, construction is scheduled from January 2026 to January 2027. As of November 2025, the project is under review for environmental clearance.
Rs.8600 Million Steel Plant Expansion Project in Paschim Bardhaman, West Bengal
Executive Summary: A steel plant expansion project is planned in Jamuria, West Bengal, progressively increasing capacities across sponge iron, MS billets, rolling mill, submerged arc furnace, and captive power generation, including Waste Heat Recovery Boilers. Investments over multiple phases total substantial amounts, with the latest phase costing Rs.210 million for DRI increase and furnace replacement. As of November 2025, the project has received state pollution control consent.
Rs.70000 Million Ammunition & Arms Park Expansion Project in Uttar Pradesh
Executive Summary: An ammunition and arms park expansion is planned within the Uttar Pradesh Defence Industrial Corridor, increasing the area from 500 to 750 acres and enabling scalable production of up to 500 million rounds of small-calibre ammunition annually. With an estimated investment of ₹70,000 million, the project targets production by January 2027 and is currently in pre-project activity stages.
Rs.400 Million Iron Ore Beneficiation Project in Sundargarh District
Executive Summary: A firm plans an iron ore beneficiation facility in Sundargarh, upgrading low-grade ore to about 60% Fe for use in nearby sponge iron, pellet, and sinter plants. Environmental clearance is in progress. The project expands capacity from 2.64 to 16.50 lakh TPA with a ₹2.5 billion investment. Construction is scheduled from July 2026 to December 2027.