India’s Rungta Mines seeks to install two integrated plants

Wednesday, 16 January 2019 23:19:06 (GMT+3)   |   San Diego
       

Rungta Mines has put forth project proposals in Odisha for establishing two separate 0.53 million mt per year integrated steel plants with a combined investment of Rs 3500 crore (US $493 million). The company plans to produce TMT, wire rode, structural steel, and alloy steel. Each location is expected to employ 1,000 people. The iron ore for the plants will be procured from the company’s own mines.

In August 2018, the company announced an expansion of its integrated steel plant in the district of Jharkhand from 0.5 million tons per annum (MTPA) to 0.7 MTPA.

Rungta Mines, which is a part of India’s S R Rungta Group, owns iron and manganese ore mines in Odisha and Jharkhand. The Rungra Group also operates other companies that produce DRI, semi-finished and finished steel products along with cement, coal and real estate.


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