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Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption

Maharashtra will contribute 30% of India's total steel production in coming days

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Business 18 Jul 2024 05:00 PM IST ANI
Maharastra's Gadchiroli will produce 30% of the country's total steel production in the next coming days, stated  Deputy Chief Minister Devendra Fadnavis.
 
"We completed the 'Bhoomi Pujan' of the Surjagad integrated steel plant in Gadchiroli with a ₹10,000 crore investment. The locals and tribal members will gain a great deal as a result. It will generate about 8 million tonnes of steel. Additionally, 35 thousand investments and twenty thousand jobs are being created in Chamorshi. Furthermore, Gadchiroli will generate 30% of the nation's steel production once all these projects are finished."
 
Earlier, in a bid to capitalise on the growth opportunity available in India, Tata Steel said it has sufficient manufacturing sites available to double its manufacturing capacity. The steelmaker currently produces 21 million tonnes per annum (MTPA) in India, and doubling it could take it to around 40 MTPA. In India, Tata Steel largely operates in Jamshedpur and Gamharia in Jharkhand, as well as in Kalinganagar and Meramandali in Odisha.

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