S. K. Steeltech is planning to set up sponge iron manufacturing unit with capacity of 200 tpd at Halavarthi village in Koppal district of Karnataka.
The sponge iron unit will spread over 42.36 acre of land parcel and comprises installation of five MW waste heat recovery based (WHRB) power plant.
As per the latest update shared with Projects Today, the company is in the process of acquiring land for the project. The contractor and machinery suppliers are yet to be finalised.
Work on the project is expected to commence by mid-2023.