Latest Project Updates
Rs.1250 Million Rolling Mill Expansion Project in Muzaffarnagar, Uttar Pradesh
Executive Summary: A steel manufacturing company plans to expand its TMT bar production facility in Uttar Pradesh by upgrading its induction furnace from 8 tons to 30 tons, increasing annual production to 99,000 MTPA of TMT bars and M.S. ingots. The project, estimated at Rs. 1,250 million, will enhance rolling mill capacity and is awaiting environmental clearance.
New Ferro-Alloy Plant in Bankura, West Bengal
Executive Summary: A new LC ferro-alloy plant is planned in Sainbuni, Hetyagara, Barjora, Bankura, West Bengal, with a production capacity of 6,000 tons per annum. The estimated project cost is Rs.31.2 million. Construction is scheduled from November 2024 to April 2026. As of December 2023, the project has been submitted for environmental clearance to the Ministry of Environment, Forest, and Climate Change of India
Rs.650 Million New Metallurgical Sensors, Instruments and Allied Accessories Mfg. Unit in Khordha, Odisha
Executive Summary: A new advanced manufacturing unit for metallurgical sensors, instruments, and allied accessories is planned in Khordha, Odisha. The project aims to boost production capabilities with an estimated investment of Rs.650 million. As of February 2025, investment approval has been granted by the State Level Single Window Clearance Authority (SLSWCA), marking a key milestone.
Rs.1093 Million Tap Hole Clay line Expansion Project in Khordha, Odisha
Executive Summary: A new project is planned in Khordha, Odisha, focusing on expanding a Tap Hole Clay production line to a capacity of 24,000 MT. The project has an estimated cost of Rs. 1,093.7 million. As of February 2025, it has received investment approval from the State Level Single Window Clearance Authority (SLSWCA).
Rs.750 Million New Metal Rod Mfg. Project in Paschim Burdwan, West Bengal
Executive Summary: A leading steel manufacturer is setting up a new facility in Bamunara, Paschim Burdwan, West Bengal, to produce 145,608 MTPA of MS Billets and 165,000 MTPA of TMT Bars, Wire Rods, and Structures. With a Rs. 750M investment, pre-project activities are underway.
Rs.20000 Million New Electro Deposited Copper Foil Unit in Sambalpur, Odisha
Executive Summary: A new electro deposited copper foil manufacturing unit is planned in Sambalpur, Odisha, to produce anodes for lithium-ion EV batteries. The project, estimated at Rs. 20,000 million, aims to support the growing EV sector and energy storage solutions. As of January 2025, it has received approval from the High-Level Clearance Authority (HLCA).
Rs.3100 Million New Integrated Steel Plant in Jharsuguda, Odisha
Executive Summary: A new integrated steel plant is planned in Jharsuguda, Odisha, with a production capacity of 0.15 MMTPA. The estimated cost is Rs. 3100 million. As of January 2025, the project has received approval from the 134th State Level Single Window Clearance Authority (SLSWCA), marking a significant step towards its development and contributing to regional industrial growth.
Rs.4950 Million New Integrated Steel Plant in Bametara, Chhattisgarh
Executive Summary: A new integrated steel plant is planned in Chhattisgarh, featuring a DRI plant, steel melting shop, rolling mill, captive power plant, ferro alloy production, wire drawing, fabrication, galvanizing, and fly ash brick manufacturing. With an estimated cost of Rs. 4,950 million, construction will start in June 2025 and finish by June 2026. Environmental clearance is under review.
Rs.224 Million Re-Rolling Steel Products Mfg. Expansion Project in Indore, Madhya Pradesh
Executive Summary: A company is expanding its re-rolling steel products manufacturing unit in Indore, Madhya Pradesh, increasing capacity from 28,000 MT/Y to 34,500 MT/Y. The project, costing Rs. 224 million, will produce Angles, Channels, Bars, Rods, Flats, Beams, and TMT Bars. As of January 2025, it has received approval from state pollution control authorities.
Rs.2858 Million DRI Plant Expansion Project in Kachchh, Gujarat
Executive Summary: A company is planning to expand its Direct Reduced Iron (DRI) plant in Versamedi, Gujarat, by increasing the production capacity by 20%, from 144,000 MT to 172,800 MT per annum. The estimated cost of the expansion is Rs. 2858 million, with construction set to start in April 2025 and complete by May 2025. Environmental clearance is pending.