Latest Project Updates
Rs.67110 Million New Stainless Steel Plant in Palghar, Maharashtra
Executive Summary: A new stainless steel plant with a 2.4 MTPA capacity, including induction furnaces, AOD, LF units, and a 2.2 MTPA hot rolling mill, is planned in Palghar, Maharashtra. The project, costing Rs. 67,110 million, will begin construction in May 2026 and finish by May 2029. Environmental clearance is currently under review as of May 2025.
Rs.3260 Million Steel Plant Expansion Project in Saraikela-kharsawan, Jharkhand
Executive Summary: A steel plant expansion in Adityapur, Jharkhand, plans to increase sponge iron production to 3,30,000 TPA, induction furnace capacity to 1,48,500 TPA, and power plant capacity to 26 MW. The project also includes a rolling mill for 1,50,000 TPA TMT bars, with an estimated cost of Rs. 3,260 million. Construction starts April 2026.
Rs.256 Million New TMT Bars Mfg. Project in Jammu and Kashmir
Executive Summary: A new TMT bars manufacturing project is planned at SIDCO Industrial Complex, Bari Brahmana, Jammu and Kashmir, with an annual capacity of 120,000 units. The project, estimated to cost Rs. 256.5 million, aims to support infrastructure demand. As of May 2025, consent to establish has been granted by the state pollution control authorities, enabling project initiation.
New Chrome Ore Beneficiation Project in Jajapur, Odisha
Executive Summary: A new chrome ore beneficiation project is planned in Kolhashi, Badachana, Jajapur, Odisha, featuring a 19,500 TPA chrome ore processing unit and a 24,000 TPA chrome monolithic facility over 7.82 acres. With an estimated cost of Rs. 39.85 million, construction is scheduled from July to October 2025. Environmental clearance has been sought as of May 2025.
Rs.8800 Million New Iron Ore Beneficiation Project in Mahasamund, Chhattisgarh
Executive Summary: A company is planning to set up an iron ore beneficiration project in Chhattisgarh with a cost of Rs. 8800 million. The project includes an iron ore desciration unit, pellet plant, DRI kilns, induction furnace, rolling mill, ferro alloy unit, power plants, brick manufacturing unit, and briquetting plant. As of November 2022, environment clearance is underway.
Rs.1818 Million Steel Plant Expansion Project in Medak, Telangana
Executive Summary: A Company is planning to take up steel plant expansion project in Medak, Telangana. The project involves expansion of steel plant to manufacture M.S. Billets from 600 TPD to 1320 TPD & Rolling Mill for manufacturing of TMT Bars and Structural Steel from 600 TPD to 1300 TPD.
New Aluminum Ingots Mfg. Project in Nalgonda, Telangana
Executive Summary: A new project is planned in Kattangur, Nalgonda, Telangana, to manufacture 40 TPD of aluminum ingots and convert 54 TPD of lead battery scrap into lead alloys. With an estimated investment of Rs. 32 million, the initiative has received consent from the state pollution control authorities as of May 2025, marking a key step toward project establishment.
Rs.331 Million Ferro Alloys Plant Expansion Plant in Bokaro, Jharkhand
Executive Summary: A ferro alloy plant expansion project is being planned in Jharkhand. The project aims to increase the production capacity from 11,500 TPA to 37,500 TPA, and the estimated cost is Rs.290 million. The company has applied for environmental clearance as of August 2018.
New Sponge Iron Plant in Raigarh, Chhattisgarh
Executive Summary: A new greenfield industrial project is planned in Shivpuri, Raigarh, Chhattisgarh, featuring sponge iron production, induction furnaces, rolling and strip mills, ferro alloy units, briquetting, power plants, and a brick manufacturing unit across 46.337 hectares. As of May 2025, the project has received establishment consent from the state pollution control authorities.
Sponge Iron Mfg. Expansion Project in Raigarh, Chhattisgarh
Executive Summary: A major steel plant expansion is planned in Gerwani, Raigarh, Chhattisgarh, including increased sponge iron, billet, and rolled product capacities, a new pellet plant, ferro alloy units, briquetting facility, and expanded brick production. Power generation will rise to 34.5 MW. As of May 2025, the project has received establishment consent from the state pollution control authorities.