The Hindu : National : ‘Biggest’ alloy steel factory to come up in Nellore

Online edition of India's National Newspaper
Thursday, Oct 11, 2007
ePaper

National

National

‘Biggest’ alloy steel factory to come up in Nellore

K. Mrityunjaya Ram

RKKR Steels Limited to invest over Rs. 1,100 cr. on the project

60-MW thermal power project to be also set up
Commercial operations to begin in September 2008

NELLORE: In a significant development, RKKR Steels Limited has decided to set up the biggest ever-integrated alloy steel project in the country at Kolanakoduru of Manobolu mandal.

The Chennai-based company earlier proposed to set up the integrated alloy steel project in three phases with an investment of Rs. 500 crore with a production capacity of 2.5 lakh tonnes per annum.

It has already acquired 151.63 acres of land for the plant, which is being put up under the Special Purpose Vehicle -- Special Bar Quality (SBQ) Steels Limited.

Bigger plan

“But it has now decided to invest more than Rs. 1,100 crore to set up the biggest ever integrated alloy steel project at Kolanakoduru in more than 500 acres of land with a production capacity of five lakh tonnes per annum.

Besides, it will set up 60-MW thermal power project by importing coal from Australia via Krishnapatnam port to generate required power supply for the project,” Collector M. Ravi Chandra told The Hindu.

Infrastructure

Representatives of the SBQ Steels Limited, which will comprise sinter facility and a blast furnace with down stream steel making and rolling facilities to manufacture alloy and special steel required for the automotive and engineering sectors, met the Collector to put forth their new proposal on Wednesday.

Outlining the details, Mr. Ravi Chandra said that the company, after acquiring the required land, would commence construction in November or December.

Employment

“It is expected to begin its commercial operations in September 2008 and offering employment to more than 4,000 persons.”

As of now the company has state-of-the-art manufacturing facilities as well as re-rolling mills at Tiruvottiyur and Gummidipundi, which is close to Chennai port.

Printer friendly page
Send this article to Friends by E-Mail

National