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Added Date - Apr 10,2024

Project Promoter Subscribers Only
Ownership Type Private Sector
Industry Metallurgical Industries
Subcategory Manufacture of basic iron and steel
Products & Capacity Pellet Plant (6,00,000 TPA)
Location Bhoghasamudram, Tadipatri
District Ananthapuramu
State Andhra Pradesh
Investment From 5000 Million to 49999 Million
Status

Executive Summary

A leading Indian manufacturer of sponge iron and power is planning to expand its operations by establishing a new TMT bars manufacturing project in Andhra Pradesh. The project is estimated to cost approximately Rs.110 million and aims to increase the production capacity of TMT bars by 700 TPD. The project involves the establishment of an Induction Furnace unit, DRI Klin, Rolling Mill, WHRB, AFBC, and Bricks Manufacturing Unit. The company received consent from the state pollution control authorities to establish the project in February 2022. The expansion project is in line with the company's growth strategy and is expected to strengthen its position in the market. With an investment of Rs.5850 million, the project will create employment opportunities and contribute to the economic development of the region.

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Rs.5850 Million New Pellet Plant in Ananthapuramu, Andhra Pradesh

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