Beekay Steels Invests ₹196 Crore in Odisha Steel Billets Plant

Beekay Steels & Power Industries Ltd. has announced a substantial investment of 196 Crores in a new Steel Billets Project at Kalinganagar, Jajpur, Odisha. This strategic move aims to bolster the company's production capacity and meet growing demand in the steel sector.

The project, slated to commence construction by the end of this year, will focus on manufacturing high-quality steel billets. These billets serve as crucial raw materials for various downstream steel products, catering primarily to industries involved in construction, infrastructure, and manufacturing sectors.

Located in the industrial hub of Kalinganagar, Jajpur, Odisha, the project is strategically positioned to leverage the region's infrastructure and logistical advantages. This includes proximity to key raw material sources and established transportation networks, facilitating efficient production and distribution.

The investment underscores Beekay Steels' commitment to expanding its footprint in the steel industry, aligning with broader economic growth objectives. The project is expected to create employment opportunities locally, contributing to economic development in the region.

Beekay Steels & Power Industries Ltd. anticipates that the new facility will commence operations within the next two years, ramping up production to meet market demands for quality steel billets. This initiative marks a significant milestone in the company's growth strategy, aimed at enhancing its competitive edge in the domestic and international markets.

News by Rahul Yelligetti