Latest Project Updates
Rs.1300 Million New Group Housing Project in Sahibzada Ajit Singh Nag, Punjab
Executive Summary: A new group housing project in Punjab plans to construct 374 flats. Construction starts Sep 2023, ends Sep 2027. Estimated cost: Rs. 1,300 million. Environmental clearance sought from authorities.
Rs.106 Million Technical Grade Pesticides Mfg. Expansion Project in S.A.S. Nagar, Punjab
Executive Summary: A Punjab-based project worth Rs. 220.2 million aims to manufacture technical-grade pesticides with a capacity of 11,700 MTPA in Bhagwanpur. As of October 2020, it is awaiting environmental clearance.
Rs.224 Million Steel Mfg. Expansion Project in Fatehgarh Sahib, Punjab
Executive Summary: A company plans to expand its steel manufacturing operations in Fatehgarh Sahib, Punjab. The project involves producing steel ingots/billets or rolled products with a capacity of 52,500 TPA. The estimated project cost is Rs. 224.965 million. Construction is scheduled from March to July 2024. The project has been submitted for environmental clearance to the State Level Environment Impact Assessment Authority as of June 2023.
Rs.315 Million Steel Mfg. Expansion Unit in Ludhiana, Punjab
Executive Summary: A steel manufacturing expansion unit is planned in Jaspal Bangal and Kanganwal, Ludhiana, Punjab. The project aims to produce steel billets/ingots, flats, rounds, wire rods, hexa rounds, MS bars, channels, and TMT bars with a capacity of 148,750 metric tons per year. The estimated cost is Rs. 315.1 million. The project is currently awaiting environmental clearance from the Ministry of Environment, Forest, and Climate Change of India as of July 2023.
New Polyester Yarn Mfg. Project in Ludhiana, Punjab
Executive Summary: A new project by S.T. Cottex Exports intends to establish a polyester yarn manufacturing unit in Ludhiana, Punjab, with a capacity of 24,480 spindles. The company submitted an industrial entrepreneurs' memorandum in January 2023, and as of June 2023, the project is in the planning stage.
Rs.397 Million Steel Manufacturing Unit Expansion Project in Fatehgarh Sahib, Punjab
Executive Summary: A steel manufacturing unit expansion project is planned in Harbanspura, Punjab. The project includes replacing a 7 TPH induction furnace with a new 20 TPH furnace and adding another 20 TPH furnace, increasing production capacity to 210,000 TPA. The estimated cost is Rs. 397.528 million, with construction scheduled from January to May 2024. Environmental clearance is underway as of June 2023.
New Steel Ingots/Billets Mfg Project in Fatehgarh Sahib, Punjab
Executive Summary: A steel manufacturing company plans to establish a steel ingots/billets production project in Fatehgarh Sahib, Punjab. The project involves manufacturing steel ingots/billets (280,000 TPA) and various steel products (angles, channels, flats, TMT bars, rounds - 266,000 TPA). The estimated project cost is Rs. 716 million. Construction will take place from December 2023 to June 2024. Consent from state pollution control authorities has been obtained as of June 2023.
Rs.4500 Million Integrated Paint Mfg. Expansion Project in Tarn Taran, Punjab
Executive Summary: A paint manufacturing company plans to expand its integrated paint manufacturing facility in Goindwal Sahib, Khadur Sahib, Tarn Taran, Punjab. The project includes increasing the production capacity of water-based paints, emulsion products, powder coating paints, and introducing polyester resin production. The estimated project cost is Rs. 4,500 million. Construction starts in January 2024 and ends in January 2025, pending environmental clearance.
Rs.700 Million Steel Mfg. Unit Expansion Project in Fatehgarh Sahib, Punjab
Executive Summary: A steel manufacturing company plans to expand its unit in Talwara, Amloh, Fatehgarh Sahib, Punjab. The project involves increasing the capacity of MS Billets from 118,000 TPA to 360,000 TPA and TMT Rebars/Wire Rods from 116,000 TPA to 351,000 TPA. The estimated project cost is Rs. 700 million. Construction starts in December 2023, ends in April 2024, pending environmental clearance.
New Cold Rolled Steel Products Project in Bathinda, Punjab
Executive Summary: A steel manufacturing company plans to expand its cold rolled steel products unit in Bathinda, Punjab. The project aims to increase capacity from 2,000 TPM to 3,000 TPM. It involves the manufacturing of cold roll/steel strips with 30,000 TPA capacity. The estimated investment is Rs. 2,456 million. Environmental clearance for the project is underway.