Mamata Banerjee unveils Shyam Steel's Rs 15-bn Purulia plant
Steel

Mamata Banerjee unveils Shyam Steel's Rs 15-bn Purulia plant

Mamata Banerjee, Chief Minister, West Bengal, virtually inaugurated Shyam Steel's integrated plant in Purulia district, which is valued at Rs 15 billion. The company already has three facilities in Durgapur and Bankura. Lalit Beriwala, the director of Shyam Steel, informed that the new steel plant at Raghunathpur, spread across 600 acres, would have a capacity of 1.19 million tonnes.

According to Beriwala, the expansion would lead to a consolidated capacity of 4.03 million tonnes per annum (MTPA), including finished steel of 1.36 MTPA. Shyam Steel, currently with a turnover of Rs 6,000 crore, aims to enhance its position in the steel industry. The group anticipates achieving a turnover of Rs 9,000-10,000 crore in the next 2-3 years, driven by government-backed infrastructure initiatives.

The newly inaugurated steel facility is expected to empower the company to manufacture high-quality steel products to meet the rising demands in both domestic and international markets, as stated by the official.

Mamata Banerjee, Chief Minister, West Bengal, virtually inaugurated Shyam Steel's integrated plant in Purulia district, which is valued at Rs 15 billion. The company already has three facilities in Durgapur and Bankura. Lalit Beriwala, the director of Shyam Steel, informed that the new steel plant at Raghunathpur, spread across 600 acres, would have a capacity of 1.19 million tonnes. According to Beriwala, the expansion would lead to a consolidated capacity of 4.03 million tonnes per annum (MTPA), including finished steel of 1.36 MTPA. Shyam Steel, currently with a turnover of Rs 6,000 crore, aims to enhance its position in the steel industry. The group anticipates achieving a turnover of Rs 9,000-10,000 crore in the next 2-3 years, driven by government-backed infrastructure initiatives. The newly inaugurated steel facility is expected to empower the company to manufacture high-quality steel products to meet the rising demands in both domestic and international markets, as stated by the official.

Next Story
Infrastructure Urban

Six Bidders Vie for Rs 572 Bn Jaiprakash Associates

The scramble to rescue Jaiprakash Associates Ltd (JAL), the flagship of the debt-laden Jaypee Group, reached a decisive stage on Tuesday as the window for resolution plans shut with at least six suitors in the fray. Industry sources say Adani Enterprises, Vedanta Group, Dalmia Bharat, Jaypee Infratech (backed by the Suraksha Group), Jindal Power and PNC Infratech have all lodged bids. Jaypee Infratech confirmed its submission but declined to reveal details.Lenders will open and assess the offers at a Committee of Creditors meeting today. Although bid values remain under wraps, the National Ass..

Next Story
Infrastructure Urban

Delhi Orders Urgent MAMC Hostel Repair and Safety Upgrade

Delhi Chief Minister Rekha Gupta has instructed multiple departments to overhaul hostel infrastructure and enhance student safety at Maulana Azad Medical College (MAMC). Chairing a high-level meeting at the Delhi Secretariat with Public Works Department, Health officials and student representatives, the Chief Minister demanded immediate repairs to ageing hostel blocks, new high-intensity LED lighting, round-the-clock CCTV coverage and a larger security presence.She also ordered a special drive to clear illegal encroachments around the campus and fast-track plans for an additional hostel, delay..

Next Story
Infrastructure Transport

Vikaspuri Road Upgrade, Tree Drive to Boost Delhi Constituency

Delhi’s Health and Transport Minister Pankaj Kumar Singh has broken ground on the long-awaited Baprola Village–Harphool Vihar road while leading a record plantation of 501 saplings under the “Ek Ped Maa Ke Naam” campaign. He said the two initiatives reflect the capital’s “people-centric governance”, promising safer, faster and more dignified daily life for residents.The rebuilt thoroughfare will ease commutes for Baprola Village, G-2 Jai Vihar, Prashant Enclave, Bajrang Chowk and Harphool Vihar, directly benefiting an estimated three thousand to three thousand five hundred school..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?