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ASV Ferro Alloys plans steel unit in Penubarthi

ASV Ferro Alloys Pvt Ltd is planning to invest Rs. 300 million to set up a ferro alloy plant in Penubarthi in Gurla Mandal in Vizianagaram district in Andhra Pradesh. The project involves setting up of electric arc furnace (1 x 5 mva) in phase I and 2x9.0 mva in phase II. Raw materials likely to be used are Manganese ore, coke, coal, dolomite, quartz, carbon paste and briquettes. Land required is 11 acres and is already acquired.

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