Latest Project Updates
Rs.1232 Million New Sponge Iron Mfg. Unit in Ballari, Karnataka
Executive Summary: A new sponge iron manufacturing unit is set to be established in Haraginadoni Village, Ballari, Karnataka. The project includes advanced production facilities for sponge iron and M S Billets, supported by a captive power plant. Estimated at Rs. 1232.4 million, construction will start in October 2024 and finish by June 2026. The project is awaiting final environmental clearance.
Rs.2000 Million New Steel Wiring Processing Projects in Tumkur, Karnataka
Executive Summary: A new steel wire processing facility in Tumkur, Karnataka, will advance industrial applications in automotive, construction, and machinery. With a Rs. 2,000 million investment, the facility will use cutting-edge technology to produce high-quality products. Approved in June 2024 and under construction as of August 2024, the project aims to boost production capabilities and expand market presence.
Rs.1179 Million New Grey Iron and SG Iron Casting Components Mfg. Plant in Belagavi, Karnataka
Executive Summary: A new iron components manufacturing facility is being developed in Desura Village, Belagavi District, Karnataka. The project will produce grey and SG iron casting components, both ready-to-assemble and sub-assembled, with an estimated cost of Rs. 1,179.2 million. Land was allocated in February 2024, and construction began in August 2024.
Rs.159 Million New Alloy Casting Mfg. Projects in Shimoga, Karnataka
Executive Summary: A major metal casting industry player is launching a new project with an investment of Rs. 159.7 million to produce iron and steel castings, machined components, automobile parts, and agricultural implements. Approved by the State High Level Clearance Committee in June 2024, the project will use advanced technology and sustainable practices, boosting local employment and economic growth.
Rs.970 Million New Metallurgical Products Mfg. Project in Bangalore, Karnataka
Executive Summary: A scaffolding company is launching a new metallurgical products manufacturing project in Devanahalli General Industrial Area, Bangalore, focusing on aluminum form systems and scaffolding repair. With an investment of Rs. 970 million and land allotted in February 2024, the project commenced in August 2024. It aims to enhance production capabilities, support market demand, create jobs, and boost the local economy.
Rs.70000 Million New E-waste & Secondary Copper Recycling Project in Bharuch, Gujarat
Executive Summary: A new E-waste and Secondary Copper Recycling Project is planned in Payal Industrial Park, Bharuch, Gujarat. The project includes producing 288,000 TPA Copper Anode, 240,000 TPA Copper Cathode, 40,000 TPA of various metals, and 189 TPA of Precious Metals. With an estimated cost of Rs. 70,000 million, construction is set to start in November 2024, pending environmental clearance.
Rs.600 Million Iron Foundry Unit Expansion Project in Thiruvallur, Tamil Nadu
Executive Summary: An iron foundry unit expansion in Madhavaram, Tamil Nadu, aims to increase capacity from 54,000 TPA to 118,661 TPA of liquid metal. The project, estimated at Rs. 600 million, is currently under review by the State Level Environment Impact Assessment Authority for environmental clearance as of August 2024.
Rs.115 Million Stainless Steel Products Assembly Expansion Project in Satara, Maharashtra
Executive Summary: A project in Khandala, Satara, Maharashtra, plans to expand stainless steel product assembly to 333 MT per month, laser welded profiles to 1 MT per month, and various cold-rolled steel profiles to 166 MT per month. With an estimated cost of Rs. 115.5 million, the project has received state pollution control consent as of August 2024.
Rs.445 Million MS Ingot Unit Expansion Project in Dhanbad, Jharkhand
Executive Summary: An expansion project in Rajpura, Jharkhand, aims to increase steel production from 27,000 TPA to 148,500 TPA. It includes installing advanced furnaces, a new Continuous Casting Machine, and additional rolling and reheating equipment. Estimated at Rs. 445 million, construction is set for February 2025 to February 2027. Environmental clearances are being sought as of August 2024.
Rs.1550 Million Ferro alloy Mfg Expansion Project In Saraikela-kharsawan, Jharkhand
Executive Summary: A major manufacturing expansion project in Raidih-Palgam, Chandil, Jharkhand, plans to increase production to 120,000 TPA of sponge iron and 30,000 TPA of ferro alloys, along with establishing a 20 MW captive power plant. With an investment of Rs. 1,550 million, construction is set to begin in February 2025 and complete by February 2026, pending environmental clearance.