Yeshashvi Steels & Alloys is planning to expand its Sponge Iron Plant (50 TPD to 300 TPD) alongwith installation of Induction Furnace (10 T), Rolling Mill (30 T) and Captive Power Plant (6 MW) at Halkundi in Bellary district of Karnataka. The project involves increasing the capacity of Sponge Iron Plant 50 TPD to 300 TPD, Induction furnace 10 T, Rolling Mill 30 T and Captive power plant 6 MW. The project is estimated to cost Rs. 550 million. As of March 2010, the project has obtained statutory clearances.