Punjab CM lays foundation of steel plant in Ludhiana
Steel

Punjab CM lays foundation of steel plant in Ludhiana

Punjab's Chief Minister, Bhagwant Mann, inaugurated the foundation-laying ceremony for a significant steel plant in Ludhiana on Friday. This plant, a venture under the esteemed Tata Group, comes with an estimated cost of ?72,600 crore and is poised to create 2,500 employment opportunities within the state.

The upcoming steel plant project in Punjab is distinctively focused on steel production through the steel recycling route. In fact, Tata Steel formalized its commitment to this endeavor by signing a Memorandum of Understanding (MoU) with the Punjab Government, a significant milestone reached on August 26, 2022. The plant's infrastructure will prominently feature a scrap-based electric arc furnace, underscoring the company's commitment to eco-friendly and sustainable steel production practices.

This initiative represents a pivotal step towards bolstering the industrial landscape in Punjab and contributing to economic growth and job creation in the region. It signifies a substantial investment in the state's steel production capabilities, aligning with contemporary trends in sustainable and environmentally responsible industrial practices.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Punjab's Chief Minister, Bhagwant Mann, inaugurated the foundation-laying ceremony for a significant steel plant in Ludhiana on Friday. This plant, a venture under the esteemed Tata Group, comes with an estimated cost of ?72,600 crore and is poised to create 2,500 employment opportunities within the state. The upcoming steel plant project in Punjab is distinctively focused on steel production through the steel recycling route. In fact, Tata Steel formalized its commitment to this endeavor by signing a Memorandum of Understanding (MoU) with the Punjab Government, a significant milestone reached on August 26, 2022. The plant's infrastructure will prominently feature a scrap-based electric arc furnace, underscoring the company's commitment to eco-friendly and sustainable steel production practices. This initiative represents a pivotal step towards bolstering the industrial landscape in Punjab and contributing to economic growth and job creation in the region. It signifies a substantial investment in the state's steel production capabilities, aligning with contemporary trends in sustainable and environmentally responsible industrial practices.

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?