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Karnataka approves Mukand plan to expand Koppal steel plant

Steel News - Published on Fri, 21 Apr 2017

Image Source: Hospet Steels
The Hindu Business Line reported that the Karnataka government has approved specialty steel maker Mukand Ltd’s application for extension of time and additional land for its INR 2,892 crore investment in the State. The State High Level Clearance Committee (SHLCC) which met under the leadership of Chief Minister Siddaramaiah approved Mukand’s proposal which has plans to expand its plant at Koppal district

Recently, Mukand had signed a joint venture agreement with Sumitomo Corp of Japan to set up a rolling mill in Karnataka.

The company is planning to produce alloy steel long products and has plans to procure raw materials locally at Hospet.

Source :

Posted By : Rabi Wangkhem on Fri, 21 Apr 2017
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