Home / Business / Jai Raj Group to set up Rs. 3,000 Cr Steel Plant in Mahabubnagar
Jai Raj Group
Jai Raj Group | credit : makaan

Jai Raj Group to set up Rs. 3,000 Cr Steel Plant in Mahabubnagar

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)

About HYM NewsDesk

A member of News Desk team at Hyderabad Youth Mirror. I love reading news and interacting with people on social media.

Check Also

PJTSAU: Counselling for admission into PhD, PG courses from Oct 19

Hyderabad: The counseling for admission in to Ph.D, PG courses of Professor Jayashankar Telangana State …

Leave a Reply

Your email address will not be published. Required fields are marked *