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 has approved the diversion of 937.077 hectares of reserved and protected forest land in Gadchiroli for Lloyds Metals and Energy Limited’s steel plant expansion. The land will support excavation and recovery of low-grade iron ore from areas near Hedri, Bande and Parsalgondi in Etapalli, strengthening raw material availability for future steel production.
Lloyds Metals already operates on around 700 hectares in Gadchiroli, and the additional land is expected to accelerate its expansion plans. The move comes as the state continues to position the Naxal-affected district as a potential green steel hub of India, creating new opportunities for mining, iron ore processing and steel manufacturing.
The approval is significant for Maharashtra’s steel sector, as Gadchiroli holds strong potential for mineral-based industrial development. However, the final handover will depend on required forest and wildlife-related compliance, as mentioned in the government order. For the steel industry, this marks another major step toward boosting domestic production capacity and strengthening India’s integrated steel ecosystem.
Also Read : SAIL Shares Rise as One-Month Rally Outpaces Benchmarks The Future of Steel: Global Casting Market Expected to Hit $42.18 Billion by 2029
According to a company statement, Japanese automaker Nissan Motor Co Ltd plans to launch three compl...
Automobiles 27-Mar-2024
The European Union (EU) has reduced India’s steel import quota by 47% and doubled tariffs on c...
Europe 13-Oct-2025
In response to the growing demands for coal transportation, the Ministry of Coal has recently introd...
Press Releases 06-Feb-2024
Waaree Renewable Technologies secured a ₹990.60 crore order for a 980 MWp solar project. Accord...
Renewables 20-Feb-2024
Iran’s steel production rose 3.7% YoY to 3.3 million MT in March. Growth sustained despite in...
Business 24-Apr-2025
India Proposes Anti-Dumping Duty on Steel Imports from Vietnam India’s Directorate General of...
Press Releases 19-Aug-2025