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Work on sponge iron expansion project to commence in October 2020

Monday, 09 Mar 2020
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Sugna Sponge & Power is planning to expand sponge iron capacity from 52,500 tpa to 2,77,500 tpa at Bhogasamudram village in Anantapur district of Andhra Pradesh.

The project entailing an investment of Rs 365 crore will include products like mild steel billets with a capacity of 3,24,000 tpa, TMT bars/structural steel with a capacity of 3,00,000 tpa, ferro silicon with 8,400 tpa capacity, among others.

The project will generate employment for 350 persons during operation.

In February 2020, Sugna Sponge & Power submitted Form 1 and pre-feasibility report for grant of terms of reference (ToR) for the project.

As per information available with Projects Today, work is expected to commence by October 2020. The completion is slated for December 2021.

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