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Andhra govt says Swiss firm IMR proposes 10-mn tonne steel plant in state

Seeks to invest Rs 12,000 cr in a unit in CM Jagan Mohan Reddy's home district YSR Kadapa

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Reddy had laid a foundation stone for another steel project with a proposed capacity of 3 million tonnes in the same district on December 23, 2019 | File photo

BS Reporter Hyderabad
The Andhra Pradesh government said on Thursday that Swiss company IMR Metallurgical Resources AG has proposed to set up a large steel plant with a 10 million-tonne capacity at an investment of over Rs 12,000 crore in chief minister Y S Jagan Mohan Reddy's home district YSR Kadapa.

The announcement was made by the government after IMR AG chiarman Hans Radolf Weld, company director Anirudh Misra and other senior officials of the company held discussions

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