Shashi Alloys is planning to set up a sponge iron manufacturing unit with capacity of 400 tpd in Chitradurga district of Karnataka.
The proposed project will spread over 52.32 acre of land parcel. The project also comprises installation of one million tpa beneficiation plant, 0.6 million tpa pellet plant along with the installation of induction furnace, rolling mill and 10 MW captive power plant.
As per the information available with Projects Today, the company is awaiting environment clearance. Contractor and machinery supplier are yet to be finalised for the project.
Work on the project is expected to commence by January 2023.