Sree Rayalseema Green Steloy Plans a Sponge Iron Plant in Andhra Pradesh

Sree Rayalseema Green Steloy Limited (SRL) is a prominent producer of iron and steel commodities in the state of Andhra Pradesh, located in India. The organization intends to enhance its commercial operations through the establishment of a new sponge iron plant project at Aswathapuram Village, Kurnool, Andhra Pradesh.

The project will involve the construction of a new sponge iron plant with a capacity of 1 million tons per annum. The new plant will be equipped with state-of-the-art machinery and technology to ensure the production of high-quality sponge iron products

The total estimated budget for the project is 10 Crores. The project will be financed through a mix of equity and debt.

The project is now in the stage of construction being started. The completion of the project's work has reached the 40% mark. The work on the project will be finished by December of 2024.

News By Rahul Yelligetti