Andhra Pradesh: Construction begins in the JSW Steel plant
20 Feb 2023
2 Min Read
CW Team
The 88,000 million steel plant being built by JSW Group in Sunnapurallapalli village in YSR Kadapa
district has started construction.
In 24 to 30 months, the first phase of the project should be prepared for commercial production.
3,500 acres have been set aside by the state government for the project.
GREEN ENERGY
After the groundbreaking ceremony on Wednesday, JSW group Chairman Sajjan Jindal addressed a
crowd and declared that the plant would use green energy and bring wealth to the surrounding
neighbourhood.
He gave the group's experience in Ballari, Karnataka, as an example, stating that the company began
construction on a facility with a 1.2 million tonnes (mt) capacity in 1995. "The capacity there has
now surpassed 13 million tonnes. Over the following three years, it will grow to be the largest steel
plant in the world. According to a statement from the Andhra Pradesh government, it would have a
25 mt capacity.
MODEL STEEL PLANT
"As in Ballari, we are beginning with a similar capacity. It would undoubtedly develop along a similar
growth path. The steel facility will evolve into a model, he predicted.
Y S Jagan Mohan Reddy, the chief minister of Andhra Pradesh, who attended the groundbreaking
event, said the company would tackle the 3-mt capacity project in two stages.
"The first phase, which will be finished in 24 to 30 months, will cost the corporation $33,000 million.
The remaining $55 billion would be used in the second phase, he said. "We invested $400 million to
buy the land. For the development of fundamental infrastructure, we would spend roughly 7000
million dollars, he stated.
The 88,000 million steel plant being built by JSW Group in Sunnapurallapalli village in YSR Kadapa
district has started construction.
In 24 to 30 months, the first phase of the project should be prepared for commercial production.
3,500 acres have been set aside by the state government for the project.
GREEN ENERGY
After the groundbreaking ceremony on Wednesday, JSW group Chairman Sajjan Jindal addressed a
crowd and declared that the plant would use green energy and bring wealth to the surrounding
neighbourhood.
He gave the group's experience in Ballari, Karnataka, as an example, stating that the company began
construction on a facility with a 1.2 million tonnes (mt) capacity in 1995. The capacity there has
now surpassed 13 million tonnes. Over the following three years, it will grow to be the largest steel
plant in the world. According to a statement from the Andhra Pradesh government, it would have a
25 mt capacity.
MODEL STEEL PLANT
As in Ballari, we are beginning with a similar capacity. It would undoubtedly develop along a similar
growth path. The steel facility will evolve into a model, he predicted.
Y S Jagan Mohan Reddy, the chief minister of Andhra Pradesh, who attended the groundbreaking
event, said the company would tackle the 3-mt capacity project in two stages.
The first phase, which will be finished in 24 to 30 months, will cost the corporation $33,000 million.
The remaining $55 billion would be used in the second phase, he said. We invested $400 million to
buy the land. For the development of fundamental infrastructure, we would spend roughly 7000
million dollars, he stated.
Next Story
Dassault To Build Falcon Jets In India With Reliance
Reliance Infrastructure Ltd’s subsidiary, Reliance Aerostructure, has signed an agreement with France’s Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a “symbol of India’s technological and manufacturing strength�, adding that it aims..
Next Story
INDEA Lays Foundation for India’s First Auto Design School
The Indian School for Design of Automobiles (INDEA), the country’s first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India’s transition from a cost-driven to a quality-led a..
Next Story
Karnataka Launches Global Innovation Hub at Airport City
The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India’s innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..