Amba Shakti Steels is awaiting environmental clearance to expand its mild steel ingots and mild steel billets manufacturing unit's capacity from 90,720 tpa to 1,80,000 tpa at Meerut Road in Muzaffarnagar district of Uttar Pradesh.
The proposed project also involves capacity expansion of the TMT Bar/Mild Steel Bar manufacturing unit from 98,000 tpa to 1,80,000 tpa.
According to the information available with Projects Today, Amba Shakti Steels expects to commence the work on the project in Q1/FY24. The company is yet to achieve financial closure.
The civil contractor and the machinery suppliers are also yet to be finalised for the project.