Uttam Value Steels gets green nod for Rs 3,325 crore expansion

Uttam Value Steels Ltd (UVSL) has received final environment clearance to double its steel production capacity to two million tonnes per annum (MTPA) in Maharashtra, which will entail an investment of Rs 3,325 crore.

"The Environment Ministry has considered the application based on the recommendations of the Expert Appraisal Committee (industry-i) and hereby decides to grant environment clearance (EC) to the proposal of expansion of steel plant subject to compliance of some specific and general conditions," an EC letter marked to the company said.

According to the proposal, the company will expand the capacity of steel plant from one MTPA to two MTPA in Wardha district of Maharashtra.

The total project cost of the expansion project is estimated at Rs 3,325 crore. The expansion facilities will be built within the existing premises for techno-commercial viability of entire steel complex.

Among the conditions specified while giving the clearance, UVSL has been asked to install 24x7 air monitoring devices, provide concrete floor for storage of raw material to avoid leaching, carry out research and development work through an expert agency to further reduce sulphur content in the emissions through stacks and submit report to the ministry.

Besides, the company has to fulfill all the commitments made during the public hearing and keep aside a separate budget.

It has been asked to provide green belt of 20-30 metres in width all around the periphery of the site and set up at least four ambient air quality monitoring stations in the downward direction.

The company produces steel products such as hot rolled coils, cold rolled coils, galvanised coils and sheets and colour coated products.