Group is planning its backward and forward integration to the existing Business and the following Projects have been identified for Investments and we have moved ahead with the same:
A 225,000 TPA Alumina Plant at Ambikapur has been planned at an Investment of Rs. 600 Crores, to add value to the existing Bauxite mines, we are doing at present. the plant is proposed to be located at 20KM distance from the mines.
The Steel plant is envisaged at an approx. Investment of Rs. 550 Crores. The proposed Investment is backward integration for the Group to consolidate its grip on the TMT Rod market in the region, giving us quality and cost assurance.
We propose to set up an Induction Furnace for 600 TPD molten metal at our existing TMT Rod plant an Investment of Rs.60 Crores. Additional land required for this Investment has been acquired. This help reduce the cost of production. We envisage additional Power requirement of 36 MW for this backward integration which we plan to support through a Solar plant.
We are working on setting up Solar power plants for our captive power needs of the existing and Steel business and proposed furnace at this plant. we also need power for our new Alumina and Steel plants for which Solar power could be added in stages. Immediately we plan to go for 30 MW at an Investment of Rs. 110 Crores, followed by 150 MW.
It has been planed to consolidate existing grain processing facilities along with a measure diversy into food and vegitable processing unit, ready to cook food and biofuels.
