Nirbhaya Industries: Rs 240 Cr Sponge Iron Project in Maharashtra

Nirbhaya Industries Pvt. Ltd. is making a substantial investment in a new sponge iron project at Bhandara Industrial Area, Rajegaon, Bhandara, Maharashtra. With an investment of 240 Crores, the company aims to significantly boost its production capacity.

The project will focus on producing 1.98 lakh tons per annum (tpa) of sponge iron and 1.65 lakh tpa of rolled products. These products are crucial for the steel industry, serving as essential raw materials for various manufacturing processes.

Located in the strategic Bhandara Industrial Area, the project will benefit from excellent infrastructure and access to key markets. This will ensure efficient production and distribution, meeting the demands of a growing customer base.

The 240 Crores investment will fund advanced technology and equipment, ensuring high-quality production standards and increased operational efficiency. This initiative is also expected to generate significant employment opportunities, positively impacting the local community.

Nirbhaya Industries' new project underscores its commitment to growth and innovation in the steel sector. By expanding its production capabilities, the company is well-positioned to strengthen its market presence and contribute to the broader industrial development of Maharashtra.

News by Rahul Yelligetti