Rungta Mines has received green signal for its steel plant expansion project in Jharkhand that will entail an investment of Rs 2,189.97 crore and generate jobs over 1,800, according to an official document.
The proposal is to expand the production capacity of its integrated steel plant located in Kharswan district from 0.5 million tonnes per annum (MTPA) to 0.7 MTPA.
"The Environment Ministry has considered the application based on the recommendations of the Expert Appraisal Committee and hereby decided to grant environmental clearance (EC) to the project with specific and general conditions," according the EC letter issued to the company.
The capital cost of the project is pegged at Rs 2,189.97 crore and will generate employment for 1,830 people, it said.
As per the proposal, the existing plant of Chaliyama steel plant is located on 592.16 acres land. The expansion phase will take place within the existing land.
The raw materials to be used for the existing as well as expansion phase are 3.35 MTPA of iron ore and 1.26 MTPA coal.
The iron ore for the plant will be procured from the company's own mines located in Odisha and Jharkhand. Limestone, quartzite and dolomite will be purchased from Rourkela, and manganese ore will be sourced from its Odisha mines. The ore transportation will be done through rail followed by road.
Rungta Mines, part of S R Rungta Group, owns iron and manganese ore mines in Odisha and Jharkhand.
Disclaimer: No Business Standard Journalist was involved in creation of this content
