Baldota Steel to Build Rs 17,979 Cr Steel Plant in Karnataka

Baldota Steel & Power Ltd. has announced plans to establish an Integrated Steel Project at Halawart in Koppal, Karnataka, with a substantial investment of Rs 17,979 crore. The new facility will have a production capacity of 3.5 million tonnes per annum, marking a significant boost to India’s steel production capabilities.

The project is set to play a pivotal role in enhancing the region’s industrial infrastructure, contributing to Karnataka’s status as a major hub for steel manufacturing. With this investment, Baldota Steel aims to meet the growing domestic and international demand for steel, supporting key industries such as construction, automotive, and manufacturing.

This initiative is expected to generate substantial employment opportunities, both directly and indirectly, in Koppal and surrounding areas. The project will also stimulate economic growth by attracting ancillary industries and suppliers to the region.

Baldota Steel's investment underscores its commitment to expanding India’s steel industry and supporting the nation’s vision of self-reliance in key sectors. The integrated steel plant is poised to become a cornerstone of Karnataka’s industrial landscape, driving development and contributing to the state’s economic prosperity.

With construction set to begin soon, the plant is anticipated to be a game-changer for the local economy and a significant contributor to India’s steel production capacity.

News by Rahul Yelligetti