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Sri Raasi Industries plans steel plant in Paramathivelur in Salem

Project Location : Paramathivelur, Salem district, Tamil

Sri Raasi Industries India is planning to set up a steel plant at Paramathivelur taluk in Salem district of TN. The project involves setting up a plant to produce 4500 tpm of M.S. Ingot and 4500 tpm of TMT Rods using M.S. Scrap and Ferro Alloys as raw materials. M.S. ingots are manufactured by melting of M.S. scraps in Electric Induction Furnaces and casted in cast iron moulds to get ingots. The molten metal in the Induction Furnaces is poured into the Cast Iron Moulds. The Ingots are cooled and separated from the Moulds. The project is estimated to cost Rs.200 million. As of April 2010, the project is awaiting statutory clearances

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