Latest Project Updates
Slag Crushing Expansion Plant in Raigarh, Chhattisgarh
Executive Summary: A steel company in Chhattisgarh is expanding its slag crushing plant in Kerajhar, Raigarh, with a capacity increase from 320,000 TPA to 2,112,000 TPA. The project, costing Rs.4130.5 million, has received consent from state pollution control authorities as of February 2024.
Rs.Rs.332 Million TMT Bar/MS Bar Expansion Project in Muzaffarnagar, Uttar Pradesh
Executive Summary: A steel production company is expanding TMT Bar/MS Bar production in Uttar Pradesh by adding a continuous casting machine and two induction furnaces to increase production from 54000 MTA to 110000 MTA. Project estimated cost is Rs.332.7 Million and environment clearance underway as of November 2022.
New Sinter Mfg. Plant in Paschim Bardhaman, West Bengal
Executive Summary: A prominent industry player in West Bengal is embarking on a substantial expansion project, boosting the Steel Plant (Unit-III) production capacity, Ductile Iron Pipe Plant capacity, and Electric Arc Furnace (EAF) production. With an estimated cost of Rs. 2233 million, the project underscores innovation and commitment to growth. Construction began in October 2023, targeted for completion by November 2025, with environmental clearance obtained in August 2023. Consent from state pollution control authorities has been secured.
Rs.485.514 Million Iron and Steel Unit Expansion Project in Sabarkantha, Gujarat
Executive Summary: An iron and steel unit expansion project in Nananpur, Sabarkantha, Gujarat, aims to increase production capacity from 6500 MT/Month to 10,500 MT/Month (1,26,000 MT/Year). Estimated at Rs. 485.514 million, it awaits environment clearance, with construction set from June to October 2024, pending approval from the State Level Environment Impact Assessment Authority.
Rs.700 Million New ERW Black and GI Pipes Mfg. Unit in Sundergarh, Odisha
Executive Summary: A new manufacturing unit for ERW black and GI pipes is planned in Sundergarh, Odisha. The project aims to set up a manufacturing capacity of 120,000 MT. Estimated to cost Rs. 700 million, the company has received investment approval from SLSWCA (State Level Single Window Clearance Authority) as of May 2023.
New Billets & Ingots Mfg. Project in Raipur, Chhattisgarh
Executive Summary: A new billets & ingots manufacturing project in Sarora, Raipur, Chhattisgarh, approved for 25,000 MTPA billets, 4,990 MTPA re-rolled products, and 59,990 MTPA galvanization. State pollution authorities granted consent in Feb '24, emphasizing environmental compliance.
Rs.885 Million Steel Mfg. Unit Expansion Project in Ludhiana, Punjab
Executive Summary: An undisclosed company plans to expand its steel manufacturing unit in Ludhiana, Punjab. The project aims to increase production capacities for steel ingots/billets and various steel products. With an estimated cost of Rs.885.3 million, construction starts in June 2025, targeting completion by July 2026. As of February 2024, the project awaits environmental clearance from the State Level Environment Impact Assessment Authority.
Rs.350 Million New Stainless Steel Rolling Mill in Maharashtra and West Bengal
Executive Summary: A new Stainless Steel Rolling Mill project is underway in Maharashtra and West Bengal by an undisclosed company. The export-oriented venture aims to produce semi-finished stainless steel products, with an estimated cost of Rs.350 million. Construction begins in June 2024, targeting completion by August 2025. As of February 2024, the project is in the development stage.
Rs.130 Million Steel Mfg. Unit Expansion Project in Sahib, Punjab
Executive Summary: A company is planning to expand their steel manufacturing unit in Punjab, by replacing their existing induction furnace with 20 TPH and adding a Laddle Refining Furnace (LRF) of 20 TPH, and one Concast. The project will have a total capacity of 84,000 TPA of Steel Ingots/billets, Angles, Channels, Rounds, Square, TMT Bars, Flats, Patra, with a land area of 3.8625 Acres, and an estimated cost of Rs.130.6 million. The environment clearance for the project is currently underway as of May 2022.
Rs.980 Million New Sponge Iron Plant in Ballari, Karnataka
Executive Summary: A new sponge iron plant is planned in Belagal, Ballari, Karnataka, by an undisclosed company. The project includes a Sponge Iron Plant, Induction Furnace, Rolling Mill, and Captive Power Plant, with an estimated cost of Rs.980 million. Construction begins in April 2024, aiming for completion by April 2025. As of February 2024, the project awaits environmental clearance from the Ministry of Environment, Forest and Climate Change of India.