+
Andhra Pradesh: Construction begins in the JSW Steel plant
Steel

Andhra Pradesh: Construction begins in the JSW Steel plant

The 88,000 million steel plant being built by JSW Group in Sunnapurallapalli village in YSR Kadapa district has started construction.

In 24 to 30 months, the first phase of the project should be prepared for commercial production. 3,500 acres have been set aside by the state government for the project.

GREEN ENERGY
After the groundbreaking ceremony on Wednesday, JSW group Chairman Sajjan Jindal addressed a crowd and declared that the plant would use green energy and bring wealth to the surrounding neighbourhood.

He gave the group's experience in Ballari, Karnataka, as an example, stating that the company began construction on a facility with a 1.2 million tonnes (mt) capacity in 1995. "The capacity there has now surpassed 13 million tonnes. Over the following three years, it will grow to be the largest steel plant in the world. According to a statement from the Andhra Pradesh government, it would have a 25 mt capacity.

MODEL STEEL PLANT
"As in Ballari, we are beginning with a similar capacity. It would undoubtedly develop along a similar growth path. The steel facility will evolve into a model, he predicted.

Y S Jagan Mohan Reddy, the chief minister of Andhra Pradesh, who attended the groundbreaking event, said the company would tackle the 3-mt capacity project in two stages.

"The first phase, which will be finished in 24 to 30 months, will cost the corporation $33,000 million. The remaining $55 billion would be used in the second phase, he said. "We invested $400 million to buy the land. For the development of fundamental infrastructure, we would spend roughly 7000 million dollars, he stated.

The 88,000 million steel plant being built by JSW Group in Sunnapurallapalli village in YSR Kadapa district has started construction. In 24 to 30 months, the first phase of the project should be prepared for commercial production. 3,500 acres have been set aside by the state government for the project. GREEN ENERGY After the groundbreaking ceremony on Wednesday, JSW group Chairman Sajjan Jindal addressed a crowd and declared that the plant would use green energy and bring wealth to the surrounding neighbourhood. He gave the group's experience in Ballari, Karnataka, as an example, stating that the company began construction on a facility with a 1.2 million tonnes (mt) capacity in 1995. The capacity there has now surpassed 13 million tonnes. Over the following three years, it will grow to be the largest steel plant in the world. According to a statement from the Andhra Pradesh government, it would have a 25 mt capacity. MODEL STEEL PLANT As in Ballari, we are beginning with a similar capacity. It would undoubtedly develop along a similar growth path. The steel facility will evolve into a model, he predicted. Y S Jagan Mohan Reddy, the chief minister of Andhra Pradesh, who attended the groundbreaking event, said the company would tackle the 3-mt capacity project in two stages. The first phase, which will be finished in 24 to 30 months, will cost the corporation $33,000 million. The remaining $55 billion would be used in the second phase, he said. We invested $400 million to buy the land. For the development of fundamental infrastructure, we would spend roughly 7000 million dollars, he stated.

Next Story
Infrastructure Urban

Gentari and Shell team up to boost EV charging network in India

Gentari Green Mobility India and Shell India have entered into a strategic roaming partnership aimed at improving electric vehicle (EV) charging accessibility across the country. Starting from 10 July, users of the Gentari Go app will be able to access Shell Recharge charging stations, while Shell Recharge users will also gain access to Gentari’s charging network, covering over 450 chargers.This collaboration is designed to expand the EV charging infrastructure and improve service quality in India by enabling interoperability between the two platforms. Gentari Go already operates more than 3..

Next Story
Infrastructure Transport

Maharashtra may allow higher FSI in Mumbai airport funnel zone

The Maharashtra government is considering the possibility of allowing higher potential Floor Space Index (FSI) for buildings located within Mumbai's airport funnel zone, in response to the redevelopment challenges caused by stringent height restrictions in these areas.The affected regions mainly include Vile Parle, Santacruz, and Kurla. As part of its revised policy for the funnel zone, the state government is, for the first time, offering Transfer of Development Rights (TDR) specifically for redevelopment purposes rather than for land acquisition.The issue was highlighted in the Assembly, whe..

Next Story
Infrastructure Transport

Adani Ports, Airports May Raise $250 Mn from MUFG Amid US Scrutiny

Two entities under the Adani Group are in advanced negotiations to secure around $250 million in offshore bilateral loans from Mitsubishi UFJ Financial Group (MUFG), according to a Bloomberg report citing sources familiar with the matter.Adani Ports and Special Economic Zone is expected to raise approximately $100 million, while Adani Airport Holdings aims to secure about $150 million. The agreement related to the ports business could be finalised as early as this week. In addition to MUFG, both companies are also reportedly exploring funding options with other Japanese banks.This marks MUFGâ€..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?