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.
Visakhapatnam Steel Plant had commissioned structural mill by March 2012. The company had invested around Rs. 10,000 million to set up the mill which has a capacity of 7,00,000 tpa of structural steel. Daneil &C and M&N Dastur were involved in the project. The total plant capacity of Vizag Steel plant is now stands at 6.3 mtpa.
NSL Mining Resources is planning to set up an iron ore beneficiation plant with an investment of Rs. 110 million at Veerayapalli in Betamcherla Mandal in Kurnool district of Andhra Pradesh. The project will have a capacity of 1 million tpa. The iron ore will be source from the nearby mines owned by NSL. The company uses Chinese technology for beneficiating lower grade iron ore to high grade iron ore.