Current Date: 21 Nov, 2024

Telangana's Steel Powerhouse Gains Strength: Dwaraka Iron Invests ₹277 Crores

Dwaraka Iron Industries Private Limited is set to bolster the steel industry in Kondurg East, Ranga Reddy, Telangana, with its new project. The company will establish a state-of-the-art manufacturing facility for MS billets and TMT bars with an investment of ₹277 crores.

The project aims to produce 5.94 lakh tonnes per annum (tpa) of MS billets and an equal quantity of TMT bars, catering to the growing demand for high-quality steel products in the region.

MS billets serve as raw material for various steel products, while TMT bars are widely used in construction. This project will contribute to the development of the construction sector and infrastructure projects in Telangana.

The manufacturing facility will be equipped with advanced technology to ensure the production of superior-quality MS billets and TMT bars, meeting national and international standards.

Dwaraka Iron Industries Private Limited's investment in this project underscores its commitment to innovation, quality, and contributing to the economic development of Telangana.

News by Rahul Yelligetti

Source : Projxnews