Ballari's Steel Heart Gets Bigger: VRKP Announces ₹570 Crore Expansion

VRKP Sponge & Power Plant LLP is undertaking a substantial expansion of its Sponge Iron Project in Halkundi, Ballari, Karnataka. With an investment of ₹570 crores, the expansion project includes the installation of a waste heat recovery-based plant with a capacity of 24 MW.

The expanded facility will significantly increase the production capacity of sponge iron, with an output of 350,000 tonnes per annum (TPA). This expansion reflects the company's commitment to meeting the growing demand for sponge iron and enhancing its market competitiveness.

The waste heat recovery-based plant will utilize heat generated during the sponge iron production process to generate electricity, maximizing energy efficiency and reducing environmental impact. This sustainable approach underscores the company's commitment to green and responsible manufacturing practices.

Strategically located in Halkundi, Ballari, the expanded facility benefits from Karnataka's rich mineral resources and robust industrial infrastructure. This location ensures access to raw materials and efficient transportation networks, facilitating seamless operations and distribution.

Upon completion, the expansion project is expected to create employment opportunities and stimulate economic growth in the region, further enhancing Ballari's position as a key industrial hub in Karnataka. VRKP Sponge & Power Plant LLP's investment reaffirms its commitment to innovation, sustainability, and growth in the sponge iron production sector.

News by Rahul Yelligetti