The steel firm plans to set up a 400,000 tonne per annum (tpa) rebar mill, 55000 tpa capacity high carbon ferro-chrome plant and a sea water desalination plant with a capacity of 1.2 million gallons per day on around 450 acres of land at a cost of about Rs 800 crore.
The company is the anchor investor for the industrial park which is being set up on around 3000 acres. The steel maker had originally acquired this land in mid 90s to set up a steel plant, but later shelved the project.