Vijayalakshmi Industries planning to set up Steel Structures Project at Karnataka

Vijayalakshmi Industries intends to establish a new steel structures project at Kudithini, Ballari, Karnataka. The plant, which will produce steel structures for a range of applications, is planned to have a capacity of 100,000 metric tons per year. The project is projected to cost approximately 1.75 crores and will be completed by 2025. Vijayalakshmi Industries is a significant steel product company in India. The company has a great track record of innovation and has created a number of patented technologies for steel structure construction. Vijayalakshmi Industries' new steel structures plant in Kudithini will be the company's third in India. The remaining two plants are in Chennai, Tamil Nadu, and Pune, Maharashtra. 

The new factory in Kudithini is a significant investment by Vijayalakshmi Industries and demonstrates the company's commitment to the Indian steel industry. The factory is intended to provide approximately 1000 employment and benefit the local economy. Here are some of the key details of the project: Location: Kudithini, Ballari, Karnataka Capacity: 1000 metric tons per annum Cost: 1.75 Crores Completion date: 2025 Products to be manufactured: Steel structures for a variety of applications Technology: Proprietary technologies developed by Vijayalakshmi Industries Jobs to be created: Around 1000 The project is still in the planning stage and is subject to regulatory approvals. However, Vijayalakshmi Industries is confident that the project will be completed on time and within budget. The new plant is expected to play a significant role in the growth of the Indian steel industry and will help to make India a global hub for the manufacturing of steel structures.

As of September 2023, The project is currently in the stage of being approved currently awaiting approval from the government.