An Australian firm has come forward to set up iron ore pellets units in Telangana with an initial investment of Rs.1,000 crore.
SSL Consolidate will set up the units in Karimnagar and Siddipet, an official statement said after company officials called on Chief Minister K. Chandrasekhar Rao here Wednesday.
The company sought all assistance from the state government for starting the operations. Rao assured all support.
The chief minister briefed the delegation about the steps being taken by his government to promote industrialisation. He said the industrial policy would be transparent and investor-friendly.
Under the first phase, the Australian firm will establish a unit in Karimnagar. The second unit will come up in Siddipet.
"The two units together will provide employment to 1,000 people," said a statement from the Chief Minister's Office.
Source: daijiworld.com
- metaljunction »
- Metal News
Metal News & Events
METALJUNCTION PUBLICATIONS
Coal Insights (English) Monthly
Coal Insights is a ready reckoner for anyone associated with coal. This publication is aimed at tracking everything related to coal in India.
India Coal Market Watch(English) Monthly
ICMW is a one-stop source for all news, data and research pertaining to coal demand, consumption, stocks, spot- and long-term prices with respect to the Indian Market.
India Steel Market Watch (English) Monthly
ISMW is a brand new high-end steel market report, covering all aspects of the steel industry in India.
Steel Insights(English) Monthly
Steel Insights delves into various facets of the domestic and global steel industry such as market fundamentals, raw material price trends, price forecasts etc.