Maruti Ispat & Energy is planning to set up an integrated steel plant at Rassamamani village, Mantralayam mandal in Kurnool district of Andhra Pradesh. The project will be developed at a cost of Rs 700 crore over 60.7 ha of land.
The cost will be funded through bank loan. It will include products like palletisation plant with a capacity of 9,00,000 tpa, stingering plant with a capacity of 1,80,000 tpa, among others. The project will provide employment for 450 people.
As per the latest development available with Projects Today, Maruti Ispat & Energy is awaiting environment clearance (EC) for the project.