Binusaria ISPAT Expands its Footprint in Telangana

Binusaria ISPAT Private Limited Unit I is embarking on a significant expansion project in Teegapur Village, Kothur Mandal, Ranga Reddy District, Telangana, with the establishment of a Steel Manufacturing Unit. The project, estimated at Rs. 5 Crores, involves the expansion of the existing unit, including the replacement of the current furnace with a 30 TPH (600 TPD) induction furnace, the addition of another induction furnace of the same capacity, and the expansion of the re-rolling mill to a 1200 TPD capacity. The unit is set to produce ingots and billets, enhancing its overall production capabilities.

The potential impact of this expansion is substantial, with increased production capacity contributing to the growth of the regional steel industry. Additionally, the project is expected to create job opportunities, providing a boost to the local economy.

To offer a more comprehensive overview, additional information on the environmental clearance status, the expected timeline for completion, and the potential market impact of the increased production would be valuable. This data would provide insights into the project's adherence to environmental standards, its progress timeline, and its influence on the local steel market. As the project unfolds, it holds the promise of not only expanding the capabilities of Binusaria ISPAT but also positively influencing the economic landscape of the region.

As on January, 2024. Project is pending approval. Waiting for government clearances. No further details determined.

News by Rahul Yelligetti