Latest Project Updates
M.S Billets Expansion Project in Agartala, Tripura
Executive Summary: A steel manufacturing project in Tripura aims to double M.S billets production to 62,400 TPA, with a Rs. 440.2 million investment. The plan includes new furnaces and increased production of TMT bars, wire rods, and flats. Environmental clearance is pending for the updated project scope, with Rs. 32.202 million invested for installation of furnaces and continuous casting machines.
New Fabrication of Steel Mfg. Project in Vizianagaram, Andhra Pradesh
Executive Summary: A manufacturing company plans to start a steel fabrication project in Boddavalasa Village, Denkada, Andhra Pradesh, with a capacity of 500 MTA. Estimated at Rs.63.1 million, the project has received approval from state pollution control authorities as of February 2024.
Rs.600 Million New Iron Ore Production Project in Sundargarh, Odisha
Executive Summary: A new iron ore production project in Odisha's Koida region involves extracting 1.0 MTPA of iron ore, with a 750 TPH crushing unit and a 600 TPH screening unit. The project covers 74.370 hectares, with an estimated cost of Rs. 600 million. Construction starts in November 2024, targeting completion by October 2043. Environmental clearance is pending with the State Level Environment Impact Assessment Authority as of February 2024.
Rs.650000 Million New Mega Integrated Green Steel Complex in Paradip, Odisha
Executive Summary: A New Mega Integrated Green Steel Complex is planned in Dhinkia Nuagaon and Gadakujanga, Odisha, spanning 2,958 acres. Thirty percent of the land will be reserved for forest and water body preservation. The project's estimated cost is Rs. 650,000 million, with pre-project activities currently ongoing as of February 2024.
New Copper Casting Mfg. Project in Bokaro, Jharkhand
Executive Summary: A new copper casting manufacturing project is planned in Tand Balidih, Bokaro, Jharkhand by Satyapushp Industries. With a capacity of 350 TPA, the project is estimated at Rs.30 million. As of February 2024, the company has obtained approval from state pollution control authorities for the project.
New Steel Girders For Bridges Project in Nagpur, Maharashtra
Executive Summary: A company based in Nagpur, Maharashtra, is embarking on a new project to set up steel girders for bridges in Butibori, Phase II, Hingna. With a capacity of 75 MT/M, the project is estimated at Rs.50 million. As of February 2024, the necessary consent from state pollution control authorities has been obtained.
Rs.879 Million New Steel Mfg. Unit in Ludhiana, Punjab
Executive Summary: A steel manufacturing project in Kanganwal, Ludhiana, Punjab, plans to produce 2,20,500 TPA of Steel Ingots/Billets & 2,10,000 TPA of Round, Coil, Flats, Wire Rod, TMT Bars. It involves installing two Induction Furnaces, one concast, and a rolling mill, with an estimated cost of Rs. 879.9 million. Construction starts in December 2024, aiming for completion by December 2026, pending environmental clearance.
Rs.55000 Million New Grain Oriented Electrical Steel Products Mfg. Unit in Bellary, Karnataka
Executive Summary: A new grain oriented electrical steel products manufacturing unit is planned in Bellary, Karnataka, aiming for production commencement by fiscal year 2027. The Rs. 55,000 million project, facilitated by a 50:50 joint venture with Japan’s JFE Steel Corporation, signifies a strategic partnership to enhance capabilities and market presence in this critical sector.
Rs.1568 Million New Iron and Steel Casting Project in Howrah, West Bengal
Executive Summary: A new iron and steel casting manufacturing project in Chandrapur, Bagnan, Howrah, West Bengal, plans to produce cast iron, s.g. cast iron, and steel castings with a capacity of 28,800 MTPA. Estimated at Rs. 1568.68 million, the project has received consent from state pollution control authorities as of February 2024, emphasizing environmental compliance and sustainable practices.
Rs.4130 Million New Stainless Steel Seamless Pipes Mfg. Project in Kathua, Jammu Kashmir
Executive Summary: A stainless steel tubes manufacturer is initiating a project in Jammu Kashmir to produce 20,000 MTPA of seamless pipes, with an estimated cost of Rs.4130.5 million. As of February 2024, they've obtained consent from state pollution control authorities for project establishment.