Sri Jayalakshmi Ferro Alloys is planning ferro alloys in Andhra Pradesh

One of the top producers of ferro alloys in Andhra Pradesh, India, is Sri Jayalakshmi Ferro Alloys Private Limited (SJL). By constructing a new steel facility at Pedabantupalli Village, Vizianagaram, Andhra Pradesh, the company intends to grow its operations. The project will set you back 182.13 crores.

The project will involve the construction of a new steel plant with a capacity of 1,30,320  tons per annum (TPA). The new plant will be equipped with state-of-the-art machinery and technology to ensure the production of high-quality steel products. The project will also involve the construction of a new captive power plant to meet the increased energy requirements of the new steel plant.

The project is expected to be completed within 12 months of commencement of construction.

The total estimated budget for the project is 182.13 Crores. The project will be financed through a mix of equity and debt.

The project is now in the stage of construction being started. The completion of the project's work has reached the 50% mark. The work on the project will be finished by December of 2024.     

News by Rahul Yelligetti