MSPL, the flagship company of
the Baldota Group, will implement a 2.5 million tpa integrated steel plant at
Hospet in Karnataka in phases.
In Phase I, the company will set up a
facility to produce 1 million tpa of special steel, which will basically be
automotive alloys, with an investment of Rs.4,300 crore. Completion of the first
phase is expected by September 2009. Another 1.5 million tpa will be added by
2010, which will produce hot rolled flat products, entailing an investment of
Rs.4,000 crore.
The company is still awaitng
clearances for the second phase of the plant. The project will be implemented under
its group company - Aaress Iron and Steel Ltd.
Also See:
Aaress Iron &
Steel to commence work on steel plant by August 2007 (10-Feb-07)