 "Shree Uttam Steel & Power to set up Rs 11,156 cr mega project in Mah")
Shree Uttam Steel and Power will be setting up a Rs 11,156 crore mega project in Maharashtra in the Sindhudurg district, the company said in a release today.
The manufacturing facility will include a 1.5 million tonne per annum of hot rolled coil unit and a 40 MW captive power plant. The company today signed a memorandum of understanding with Maharashtra government for setting up this facility, said the release.
"The integrated project is being set up in a D+ Zone and the project will provide a massive boost to the local economy by generating employment for approximately 2,500 people," said Shree Uttam Steel.
"The project could not have materialized without the help of government of Maharashtra, who provide ambient environment for companies to operate in. The industrial climate of Maharashtra is very conducive for growth and Maharashtra has become one of the most progressive states in the country. The political leadership in Maharashtra has very ambitious plans for growth and the bureaucracy provides an efficient and diligent mechanism to implement such plans," the release quoted Anuj Miglani, director of Shree Uttam Steel & Power as saying.