Rs.4550 Million New Sponge Iron Expansion Project in Chittoor, Andhra Pradesh
An Indian steel manufacturing company is planning to expand its production capacity of sponge iron, ingots, and billets through induction furnaces, establish new power plants, and arc furnaces. The project also includes a brick manufacturing unit with a capacity of 50k bricks. The estimated cost of the project is Rs.4550 million. The company is awaiting environmental clearance for the project, which is expected to boost the local economy and generate employment opportunities.
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