Jairaj Ispat to set up a steel plant in Telangana

To set up a 1 mt per annum capacity steel plant in Mahboobnagar district, an investment close to Rs 3,000 crore

S K Goenka-promoted Jairaj Ispat Limited (JRIL) has proposed to set up a 1 million tonne per annum capacity steel plant in Mahboobnagar district in Telangana at an investment close to Rs 3,000 crore. The company Executive Director Siddhartha Jain on Wednesday met with Telangana Industries Minister K T Rama Rao and sought clearances for the same.

JRIL is a closely held company, which currently produces direct reduced iron (DRI) and thermo-mechanical treated (TMT) rebars.The company's sponge iron division is located in Bellary in Karnataka while the steel melt shop division and rolling mill division is in Hyderabad.

The company officials informed the minister that they will start the work on first phase project as soon as the necessary clearances were in place, according to a statement. It had earlier proposed to set up a 0.5 million tonne TMT bars and alloy steel bars plant at Orvakal in Andhra Pradesh.