Swiss firm plans steel plant in Kadapa district
2020-03-09 08:34:57 [Print]
Swiss major IMR Metallurgical Resources-AG has proposed to set up a steel plant in Kadapa district of Andhra Pradesh at an investment of over Rs 12,000 crore and an annual production capacity of 10 million tonnes.
IMR chief and other officials came up with the proposal during a meeting with the Chief Minister YS Jagan Mohan Reddy here last Thursday. This would be the second steel plant that has been proposed in Kadapa district in the Rayalaseema region of the state.
The state government also entered into an agreement with National Mineral Development Corporation for supply of iron ore for the proposed steel plant, with a capacity of three million tonnes.
IMR chief and other officials came up with the proposal during a meeting with the Chief Minister YS Jagan Mohan Reddy here last Thursday. This would be the second steel plant that has been proposed in Kadapa district in the Rayalaseema region of the state.
The state government also entered into an agreement with National Mineral Development Corporation for supply of iron ore for the proposed steel plant, with a capacity of three million tonnes.
