Latest Project Updates
Rs.742 Million Billets Mfg. Expansion Project in Mirzapur, Uttar Pradesh
Executive Summary: A company is planning an expansion project in Dhauhan, Tehsil Chunar, Mirzapur, Uttar Pradesh, to increase billets production from 96 MT/day to 400 MT/day and TMT bars from 300 MT/day to 500 MT/day. The project also includes a 4 MW captive power plant, with an estimated cost of Rs. 742 million, set to begin construction in December 2023.
Rs.2834 Million Sponge Iron Mfg. Expansion Project in Purulia, West Bengal
Executive Summary: An industrial expansion project in Inanpur, West Bengal, aims to boost sponge iron output from 33,000 TPA to 181,500 TPA. The plan includes three 20-ton induction furnaces, a 500 TPD rolling mill, and a 20 MW captive power plant. Estimated at Rs. 2,834.8 million, construction is scheduled from December 2024 to April 2025, pending environmental clearance.
Rs.420 Million New Billets and Rolling Products Mfg. Project in Sundargarh, Odisha
Executive Summary: A new manufacturing project is planned in San-Brahmanitarang, Tehsil Lathikata, Sundargarh, Odisha, focusing on billets and rolling products. It will feature three induction furnaces for producing 104,000 tonnes of billets, along with a rolling mill and tube mill with a combined capacity of 198,425 tonnes. The project, costing Rs. 420 million, is set to begin in April 2025.
Rs.2500 Million Metal Products Mfg. Project in Paschim Medinipur, West Bengal
Executive Summary: A new comprehensive metal products manufacturing project is underway in Mathurakismat, Kharagpur, West Bengal. It will produce various metal products, including structural sections and M.S. billets, with substantial capacities. The initiative includes generating power, producing oxygen, and upgrading an existing Coke Oven Plant. The project has secured necessary approvals and is currently undergoing environmental clearance.
Rs.138 Million New Galvanised Steel Accessories Mfg. Project in Murshidabad, West Bengal
Executive Summary: A new manufacturing project in West Bengal's Rajinagar Industrial Park focuses on producing various galvanized steel products, including profile sheets, C/Z purlins, and packaging guard film, with a total capacity of over 3,660 MT per month. The project, costing Rs. 138.8 million, has received approval from state pollution control authorities as of October 2024.
Rs.3210 Million New Green Steel Facilty in India
Executive Summary: A new project aims to establish India's first Green Hydrogen-powered steel production facility using Direct Reduced Iron (DRI) technology to reduce CO₂ emissions by replacing fossil fuels with green hydrogen. With an estimated cost of Rs. 3,210 million and 50% capex support from the Indian government, pre-project activities are underway as of October 2024.
Rs.3200 Million New Industry and Automation Facility in Cheyyar, Tamil Nadu
Executive Summary: A global leader in drive systems plans to establish a new 25-acre industry and automation facility in Cheyyar, Tamil Nadu, with an investment of Rs. 3,200 million. The foundation stone was laid in October 2024, with operations set to start in 2025.
Rs.170 Million Rolling Mill Expansion Project in Ghaziabad, Uttar Pradesh
Executive Summary: A steel manufacturer is expanding its rolling mill in Ghaziabad, increasing capacity from 62,500 MTPA to 178,500 MTPA for rebars and wire rods. The Rs. 170 million project starts is under environmental review as of October 2024.
Rs.15006 Million DRI Plant Expansion Project in Rajnandgaon, Chhattisgarh
Executive Summary: A steel plant in Rajnandgaon, Chhattisgarh, is undergoing expansion, including new facilities like an Iron Ore Beneficiation Plant and Coal-fired Power Plant. The project, costing Rs. 15,006 million, aims to boost production capacity from 2,31,000 TPA to 2,79,312 TPA without increasing pollution. As of October 2024, it awaits environmental clearance from the Ministry of Environment, Forest and Climate Change.
Rs.1118 Million Metallurgical Unit Expansion Project in Bankura, West Bengal
Executive Summary: A rolling mill expansion project in Barjora, West Bengal, aims to install four 15-ton induction furnaces and a rolling mill, targeting a capacity of 600 TPD. Estimated at Rs. 830 million, the project received environmental clearance in July 2018. As of October 2024, further expansion includes additional induction furnaces and a merchant bar rolling mill, with construction scheduled for October 2025.