Hyderabad: The Jai Raj Ispat Ltd on Wednesday announced that it would establish a steel plant in Dharur Mandal of Mahabubnagar district.
The proposed plant will come up at the Group’s 250-acre land in the southern Telangana district. Jai Raj Ispat Ltd Executive Director Siddharth Jain met Industries Minister K Tarakarama Rao and gave details of the project.
Jain said that they have surveyed industrial atmosphere in all the states of India and eventually selected Telangana due its proactive and prompt Governance.
The visiting team also said that there was positive response from the industry towards Telangana’s policies and promptness.
The proposed steel plant will come up in two phases with an investment of approximately Rs 3,000 crore. With a production capacity of 10 lakh tonnes annually, the plant will provide direct employment to 1,200 while 3,500 will be indirectly benefitted.
KTR assured the Group of all cooperation from the Telangana Government and directed Industries Secretary Arvind Kumar to take requisite steps.
The Jai Raj Steel representatives said that they would introduce top-notch, state-of-the-art technology in the plant that shall drastically reduce pollution levels. Jai Raj Steel will produce TMT bars out of the new facility.
The Minister directed Mahabubnagar District Collector Sreedevi to extend support from the government. (INN)