Devashree Ispat planning to set up Mild Steel Billets Unit in Telangana

Devashree Ispat Private Limited wants to build a new Mild Steel Billets Unit Project in Elikatta, MahbubNagar, Telangana, is good news for the area. The project is supposed to create a lot of jobs and help the economy in the area. Mild steel billets are a kind of semi-finished product that is used to make a wide range of steel products, such as building materials, car parts, and market goods. Around 550,000 TPA of mild steel billets will be made by the new unit every year.

 The project is estimated to cost about 20 crore rupees and should be done in two years. The Telangana government has already given the project the permissions it needs. About 500 direct jobs and another 1,000 indirect jobs are likely to be made by the new unit. This will give the local economy, which has been suffering for the past few years, a much-needed boost.

 The project will also help the earth in a good way. The new machine will use cutting-edge technology to cut down on pollution and emissions. It will also recycle trash, which will help keep natural resources in good shape. Overall, the new Mild Steel Billets Unit Project by Devashree Ispat Private Limited is a good thing for the Elikatta area. The project is supposed to create a lot of jobs, help the local economy, and be good for the environment. Here are some additional benefits of the project: Increased tax revenue for the Telangana government Improved infrastructure in the Elikatta region Increased demand for goods and services from local businesses Opportunities for skills development and training for local residents

As of September 2023, The project is currently in the stage of being approved currently awaiting approval from the government.

News by Rahul Yeligetti