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ArcelorMittal and Dhamm Steel form steel unit JV in Vellore

Steel News - Published on Thu, 25 Sep 2008

Express Buzz reported that ArcelorMittal is putting up a steel component manufacturing unit at an estimated cost of INR 100 crore in collaboration with Mumbai based Dhamm Steels at Ranipet in Vellore district.

As per report, the company plans to manufacture finished steel components for earth moving equipment manufacturers, construction and power industries.

Production is expected to begin at the unit in the next few months. Construction work has already begun in the 24 acre plot allotted to it by SIPCOT in Phase III in Ranganathapuram village adjacent to the proposed Leather Special Economic Zone. Roads and other infrastructure are being developed in the area. Power lines are being erected.

Nearby villagers are hopeful that the industry would provide them job opportunities. Over 500 acres of land has been already acquired for setting up the SEZ and other non SEZ industrial clusters in the locality.

The entry of ArcelorMittal in SIPCOT has propelled industrial growth in the locality.

Posted By : admin on Thu, 25 Sep 2008
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