Sri Lakshmi Sai Engineering Works is plan to a Heavy Structural Steel in Andhra Pradesh

Sri Lakshmi Sai Engineering Works is a prominent maker and exporter of steel constructions based in Andhra Pradesh, India. The organization intends to enhance its operations by establishing a novel facility for the production of heavy structural steel in the Visakhapatnam District of Andhra Pradesh. The cost of the project amounts to 250 Crores.

The project will involve the construction of a new heavy structural steel manufacturing unit with a capacity of 10,000 metric tons per annum. The new mill will be equipped with state-of-the-art machinery and technology to ensure the production of high-quality steel products.

The project is expected to be completed within 18 months of commencement of construction.

The total estimated budget for the project is 250 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 50% mark. The work on the project will be finished by December of 2024.  

News By Rahul Yelligetti