Baldota Group plans Rs 180-bn steel plant in Karnataka
Steel

Baldota Group plans Rs 180-bn steel plant in Karnataka

Aaress Iron and Steel, a subsidiary of the Vijayanagar-based Baldota Group, proposes to set up an integrated steel plant of 3.5 million tonnes per annum (MTPA) capacity with an investment of Rs 180 billion.

The plant will come up at Halavarthi village in Koppal district in Karnataka. Rahul Baldota signed a memorandum of understanding for this project at the global investors meet (GIM) in Bengaluru on Wednesday.

Aaress has already acquired 1,036 acres of land and is in the process of acquiring another 933 acres, the company said in a statement, and added that it has already received environment clearance and water drawing sanctions. The project will add about 10,000 direct and indirect jobs, it said.

The Baldota Group also signed another MoU at the GIM for setting up a 3 MTPA pelletisation and a 5 MTPA iron beneficiation plant at Somlapur village at Sandur taluk in Ballary district. The group said it will spend about Rs 16 billion on the project, which will bring about 1,000 jobs.

See also:
Hiranandani’s Yotta Infra to invest Rs 390 bn in Noida
Adani Group lines up $150 bn investment across businesses

Aaress Iron and Steel, a subsidiary of the Vijayanagar-based Baldota Group, proposes to set up an integrated steel plant of 3.5 million tonnes per annum (MTPA) capacity with an investment of Rs 180 billion. The plant will come up at Halavarthi village in Koppal district in Karnataka. Rahul Baldota signed a memorandum of understanding for this project at the global investors meet (GIM) in Bengaluru on Wednesday. Aaress has already acquired 1,036 acres of land and is in the process of acquiring another 933 acres, the company said in a statement, and added that it has already received environment clearance and water drawing sanctions. The project will add about 10,000 direct and indirect jobs, it said. The Baldota Group also signed another MoU at the GIM for setting up a 3 MTPA pelletisation and a 5 MTPA iron beneficiation plant at Somlapur village at Sandur taluk in Ballary district. The group said it will spend about Rs 16 billion on the project, which will bring about 1,000 jobs. See also: Hiranandani’s Yotta Infra to invest Rs 390 bn in NoidaAdani Group lines up $150 bn investment across businesses

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?