Bhagwati Sponge Pvt Ltd is planning to expand its existing sponge iron plant in Ikra village in Jamuria Industrial Estate in Burdwan district of West Bengal. The project involves setting up of 2 x 9 MVA submerged arc furnaces. Land for the project is available at its existing premises. The project cost is estimated at Rs. 257 million. The ferro alloy plant will have a capacity of 24750 mtpa.