Shardashree Ispat intends to build a steel billet manufacturing factory with a capacity of 3,02,664 tpa in Nagpur's Butibori area.
A rolling mill with a capacity of 2,40,000 tpa will also be included in the project. The development will spread over 10.92 acres (4.42 hectares) of land.
Projects Today has learnt that Shardashree Ispat is currently awaiting environmental permission for the project.
Work on the new Ispat plant is set to begin in March 2023. The company intends to finalise the project contractor and machinery supplier in the next couple of months.