Category: Tamilnadu Steel Projects
Akshara Industries plans to expand sponge iron plant at Eguvaripalayam in Gummidipoondi in Thiruvallur district in Tamil Nadu with an investment of Rs. 2200 million. Land required for the project will be around 38.29 acres. The project involves expanding Sponge Iron Plant (6,000 TPM to 12,000 TPM) and setting up of Steel Billets Unit (12,000 TPM) and Rolled Steel Products (12,000 TPM). The project also involves a setting up of a captive power generation unit of capacity 22 MW.