Adhunik Metaliks is expected to set up a greenfield steel plant at Deosugur
village in Raichur district of Karnataka.
AML on 3 June 2010 signed an MoU with the Karnataka Government during the
Global Investors Meet (GIM 2010) in this regard. The plant entailing an
investment of Rs 5,568.40 crore will have a capacity of 2.2 million tpa of steel
and auto-grade steel. The investment also includes a 220 MW captive power plant.
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