Kolhapur's Steel Strength: Jalaram Alloy Steel Unveils Fabrication Facility

Jalaram Alloy Steel is set to make significant strides in the steel fabrication sector with its plans to establish a new facility in Kagal, Kolhapur, Maharashtra. With an estimated cost of 55 Crores, the project is poised to become a cornerstone in the region's industrial landscape, providing employment opportunities for approximately one thousand individuals.

Designed to produce 100,000 tonnes of steel castings annually, the facility will cater to diverse industries such as automotive, construction, and engineering. Spanning across 2.97 acres, the project is slated for completion by the end of 2026, marking a significant milestone in Jalaram Alloy Steel's expansion strategy.

As India's leading producer of alloy steels, Jalaram Alloy Steel's foray into steel castings underscores its commitment to diversifying its product line and meeting the burgeoning demand in the domestic market. The project's financing, a blend of debt and equity, underscores the company's confidence in its growth potential.

Situated in an industrial hub in Kagal, Kolhapur, the facility will feature a captive power plant to ensure energy self-sufficiency and will incorporate the latest technology for steel casting, ensuring efficiency and quality in production. Moreover, the project is expected to generate both direct and indirect employment opportunities for around 1,000 people, further contributing to the region's socio-economic development.

With this new initiative, Jalaram Alloy Steel aims to solidify its position as a market leader in India's steel casting sector, while also bolstering the country's industrial prowess. The project represents a significant investment that is poised to drive growth and innovation in the steel fabrication industry, benefiting both the company and the community at large.

News by Rahul Yelligetti