Veekay Smelters to set up a low carbon ferro alloy unit in Peddapuram in East Godavari district of Andhra Pradesh with an investment of Rs. 42.8 million. The project involves setting up of manufacturing facilities to produce low carbon ferro manganese (4800 tpa), low carbon ferro chrome (1200 tpa), chrome metal (1200 tpa), ferro titanium (1200 tpa) and ferro molybdenum (1200 tpa). The total project capacity will be 9600 tpa. The manufacturing process will use alumino thermic reduction process.