11,156 Crore Mega Project in Maharashtra by Shree Uttam Steel & Power

Mr. Uttam Steel and Power Ltd (SUSPL) today, signed an MoU with Government of Maharashtra for setting up a new Mega Project comprising of a manufacturing facility with a capacity to produce 1.5 MTPA of Hot Rolled (HR) Coil; and a 40 MW Captive Power Plant at Sindhudurg district in Maharashtra. The integrated project is being set up in a D+ Zone with an estimated investment of Rs 11,156 crores. The project will provide a massive boost to the local economy by generating employment for approximately 2500 people.
 
Mr. Apurva Chandra, Principal Secretary (Industries) and Mr. Anuj. R. Miglani, Director, Mr. Uttam Steel & Power signed the MoU in the presence of Honourable Chief Minister of Maharashtra, Mr. Prithviraj Chavan, Honourable Minister of State (Industries), Mr. Sachin Ahir, and Chief Secretary, Mr. J. S. Saharia.
 
Commenting on the project, Mr. Anuj R Miglani, Director, Mr. Uttam Steel & Power said, “It is a great opportunity for us. The project could not have materialized without the help of Government of Maharashtra, who provide ambient environment for companies to operate in. The industrial climate of Maharashtra is very conducive for growth and Maharashtra has become one of the most progressive states in the country. The political leadership in Maharashtra has very ambitious plans for growth and the bureaucracy provides an efficient and diligent mechanism to implement such plans.” “The project will help in providing a great impetus in generating employment which will help in boosting the local economy as well.” he added.

Source: Business Wire India.