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New Alloy steel plant in TN

New Alloy steel plant in TN
Project Location : Seyanoor, Manamadurai, Tamil Nadu

Sundareswarar Alloy and Steels Ltd has commenced building works on its steel plant in Seyanoor in Manamadurai district of TN. The 3 lakh tpa plant coming up at an investment of Rs.7000 million is promoted by NRI’s from ASEAN and Hongkong. The plant is expected to become operational from 18 months after financial closure. The company plans to pump Rs.15000 million in phases over the next 5 years.

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Sundarwarar Alloy & Steel, belonging to Texmaco Engineering is planning to set up a new alloy steel plant at Melur in Madurai. The project involves setting up a unit to produce 300,000 tonnes of alloy, special and stainless steel. The semi-finished products would find application in downstream industries, mainly in the automotive sector for making engine parts and chassis. As of March 2010, the company has been allotted about 500 acres of land in Melur for the project

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