E. Ramamurthy Minerals & Metals plans to set up Induction Furnace Project in Karnataka

E. Ramamurthy Minerals & Metals Private Limited is planning to set up a new Induction Furnace Project at Navilebasapura, Shivamogga, Karnataka. The project is expected to have a capacity of 59000 TPA per annum and is expected to be completed in 2025. The Project Cost is 23 Crores.The project will create jobs and boost the local economy. Here are some of the key benefits of the project: It will create jobs and boost the local economy. It will help to meet the growing demand for steel in India and around the world. It will attract investment to the region.

 It will help to improve the environmental performance of the steel industry. The project is facing some challenges, such as the high cost of land and construction, and the availability of skilled labor. However, the company is confident that it will be able to overcome these challenges and complete the project on time and within budget. This project come to fruition, as it will be a significant boost to the Indian steel industry.

I am also confident that the project will have a positive impact on the local economy and environment. In addition to the above, I would like to add that the project has received environmental clearance from the Ministry of Environment, Forests and Climate Change (MoEFCC) in August 2023. The company has also obtained all the necessary approvals from the state government of Karnataka. I am optimistic that the project will be completed on time and within budget, and that it will have a positive impact on the local economy and environment.

As of September 2023, The project is now in the stage of receiving approvals & has obtained all necessary government permissions work of the project is anticipated to occur in either 2023 or 2024.

News by Rahul Yeligetti