Current Date: 22 Nov, 2024

Atibir Hi Tech Expands Horizons in Jharkhand

Atibir Hi Tech Private Limited is set to ignite the steel industry in Jharkhand with a 51.49 Crore expansion of its existing Induction Furnace & Hot Billets Unit in Mohanpur, Giridih. This strategic move not only aims to boost the company's production capacity but also promises substantial contributions to the overall industrial development of the state.

The expansion project, situated in Village Mohanpur, P.O Udnabad, District Giridih, Jharkhand, is designed to significantly increase the unit's production of steel billets, catering to the growing demand from sectors such as construction and automotive. Embracing cutting-edge technology is a key feature of the expansion, expected to enhance efficiency, optimize resource utilization, and elevate product quality.

One notable aspect of the project is the integration of a 30,000 TPA slag crusher, which is crucial for effective waste management and the potential recovery of valuable materials. Additionally, the expansion includes plans to augment the existing rolling mill capacity to 237,600 TPA, enabling further downstream processing of the produced billets. This expansion is anticipated to generate substantial employment opportunities in the region, aligning with the broader goal of contributing to Jharkhand's economic growth.

The benefits for Jharkhand extend beyond the immediate gains for Atibir Hi Tech. The project is poised to catalyze overall industrial growth, potentially attracting further investment and fostering a ripple effect in the region. Moreover, the expansion may necessitate infrastructure improvements, offering advantages not just to the company but also benefiting surrounding communities. The creation of new jobs will provide livelihood opportunities for local residents, contributing to poverty reduction and economic prosperity in the state.

While specific details about the project timeline and the types of steel billets to be produced are not yet publicly available, Atibir Hi Tech's Induction Furnace & Hot Billets Unit expansion project holds immense promise for Jharkhand's industrial landscape and economic development. Staying updated through news and announcements from the company and industry sources will provide insights into the project's progress.

As on January, 2024. Project has gotten approvals. All approvals were granted. By March 2024, project construction will begin.

News by Rahul Yelligetti

Source : Projxnews