Sri Subramanya's ₹175 Crore Steel Push in Karnataka

Sri Subramanya Sponge Iron Pvt. Ltd. is set to significantly enhance the steel industry with its new project in Haraginadoni, Ballari, Karnataka. With an investment of 175 crores, the project aims to produce a substantial 1.32 lakh tons per annum (tpa) of steel, highlighting its ambitious scale and potential impact.

This investment is expected to bolster the local economy by creating numerous job opportunities and supporting ancillary industries. The strategic location in Ballari, known for its rich iron ore reserves, provides a logistical advantage, ensuring efficient raw material supply and distribution channels.

The project’s modern infrastructure and advanced technology will ensure high-quality steel production, meeting both domestic and international standards. This initiative aligns with the government’s vision to increase steel production capacity and reduce dependency on imports.

Environmental sustainability is also a key focus, with plans to implement eco-friendly practices and minimize the carbon footprint. The project underscores the company’s commitment to responsible industrial development.

Overall, Sri Subramanya Sponge Iron Pvt. Ltd.'s steel project is poised to play a crucial role in the growth of Karnataka's steel sector, driving economic progress and supporting sustainable development.

News by Rahul Yelligetti