Construction Industry News
The 88,000 million steel plant is being built by JSW Group in Sunnapurallapalli village in YSR Kadapa Wijk has started construction.
In 24 to 30 months, the first phase of the project should be prepared for commercial production. 3,500 hectares have been reserved for the project by the state government.
After the groundbreaking ceremony on Wednesday, JSW group chairman Sajjan Jindal spoke to a crowd and stated that the plant would use green energy and bring wealth to the environment neighbourhood.
He gave the group's experience in Ballari, Karnataka, as an example and stated that the company started Construction of an installation with a capacity of 1.2 million tonnes (MT) in 1995. "The capacity there has now more than 13 million tons. In the next three years, it will become the largest sample. plant in the world. According to a statement by the government of Andhra Pradesh, it would be a 25 mt capacity.
"As in Ballari, we start with a similar capacity. It would undoubtedly develop along a similar growth path. The steel plant will evolve into a model, he predicted.
Y S Jagan Mohan Reddy, the prime minister of Andhra Pradesh, who was the pioneering event, the company said would tackle the 3-mt capacity project in two phases.
"The first phase, which will be completed in 24 to 30 months, will cost the company $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 about 7000. million dollars, he declared.
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