Latest Project Updates
Rs.950 Million New Greenfield Steel Plant in Puruliya, West Bengal
Executive Summary: A new greenfield steel plant is planned in Lachhyara, Raghunathpur, West Bengal, focusing on producing Ferro Alloys, Fe-Mn, billets, rolled products, and hard coke. With an estimated cost of Rs. 950 million, construction is set to begin in March 2025 and conclude in January 2026. Environmental clearance is currently under examination.
New DI Pipe and Fittings Plant in Odisha
Executive Summary: A new DI Pipe and Fittings Plant is being established in Dhenkanal, Odisha, to significantly expand manufacturing capabilities. The project will involve a state-of-the-art facility on a 500-acre plot, producing 500,000 MT of ductile iron pipes annually. As of September 2024, approval has been obtained from the High-Level Clearance Authority, advancing the project.
Rs.600 Million MS Ingots/Billets Mfg. Unit Expansion Project in Mahesana, Gujarat
Executive Summary: An expansion project for an MS Ingots and Billets manufacturing unit is planned in Devda, Vijapur, Mahesana, Gujarat. The initiative aims to enhance production capacity from 2,400 MT per month to 39,500 MT per month, focusing on both ferrous and non-ferrous products. Estimated at Rs. 600.2 million, construction is set to begin in January 2025, pending environmental clearance.
Rs.1645 Million Steel Rolled Bars with Structural Mill Expansion Project in Unnao, Uttar Pradesh
Executive Summary: A significant expansion project in Magarwara, Unnao, Uttar Pradesh, aims to enhance steel rolled bar production by increasing rolling mill capacity from 126,200 MT/Annum to 391,200 MT/Annum. The initiative also includes establishing a steel billet manufacturing capacity of 422,400 MT/Annum. Construction is scheduled to begin in January 2025 and conclude by January 2026, pending environmental clearance.
Rs.2120 Million Beneficiation Plant Expansion Project in Keonjhar, Odisha
Executive Summary: An expansion project in Keonjhar, Odisha, will enhance an iron ore beneficiation plant to 2.4 MTPA and include new facilities such as a 1.2 MTPA pellet plant, a 0.396 MTPA DRI unit, and a 48 MW captive power plant. Estimated at Rs. 7,200 million, construction is set to start in April 2025 and end by March 2028, with environmental clearance under review.
MS Pipe Plant Expansion Project in Raigarh, Chhattisgarh
Executive Summary: A company is planning to expand its MS Pipe Plant in Taraimal, Tehsil-Gharghoda, Raigarh, Chhattisgarh, increasing production capacity to 120,000 tons per year. As of September 2024, the company has received approval from state pollution control authorities to move forward with the project.
Rs.5300 Million Sponge Iron Expansion Project in Sundargarh, Orissa
Executive Summary: A prominent industrial player is developing a sponge iron facility in Orissa with a capacity of 180,000 MT and a 24 MW WHRB power plant. Additionally, they are expanding their steel plant's production from 0.1 MTPA to 0.26 MTPA, requiring Rs. 2,700 million. By July 2024, they will add downstream facilities, investing Rs. 5,300 million.
Rs.90230 Million New Integrated Steel Plant in Gadchiroli, Maharashtra
Executive Summary: In Gadchiroli, Maharashtra, a new integrated steel plant is set to be established by a company with an estimated investment of Rs.100,000 million. Announced in January 2024, the project reflects a commitment to regional development and expansion in the steel manufacturing sector.
Rs.5580 Million Ductile Iron Pipes Mfg. Expansion Project in Tirupati, Andhra Pradesh
Executive Summary: A major expansion in Rachagunneri, Andhra Pradesh, will add facilities for Ductile Iron Pipes, Pig Iron, LAM Coke, Captive Power, Slag Cement, Steel Products, Silico Manganese, and Ferro Manganese. The Rs. 420 million project is in pre-development stages.
Rs.817 Million DRI Plant Expansion Plant in Hazaribagh, Jharkhand
Executive Summary: A major steel plant expansion in Senegarha, Jharkhand, will cost Rs. 817.8 million. It includes increasing DRI plant capacity, adding 3x15 T induction furnaces, a 2-strand continuous casting machine, a 400 TPD rolling mill, and expanding the project area. A new 15 MW power facility will also be established. Construction is scheduled from July 2025 to December 2026, with environmental clearance under review.