Krishna Iron & Energy is planning to set up sponge iron manufacturing unit with capacity of 2.10 lakh tpa in Raipur district of Chhattisgarh.
The project will include facilities such as ingots/steel billets through induction furnace with concast, rolled product through rolling mill, Ferro alloys unit through SEAF, and power plant.
As per the update shared with Projects Today, Krishna Iron & Energy is awaiting environment clearance (EC) for sponge iron manufacturing unit. The company is in the process of finalising contractor & machinery supplier.
Work on the project is expected to commence by the end of FY23.