HYDERABAD: Jai Raj Ispat Ltd will set up a steel plant in Dharur Mandal of Mahabubnagar district. The proposed plant will come up at the group’s 250-acre land in the southern Telangana district. The company executive director Siddharth Jain met Minister for Industries KT Rama Rao on Wednesday. Jain said that they have surveyed industrial atmosphere in all the states in the country and finally zeroed in on Telangana due its proactive governance. The visiting team also expressed its happiness on the government’s pro industry policies.
According to officials, the proposed steel plant will come up in two phases with an investment of about Rs 3,000 crore. With a production capacity of 10 lakh tonnes annually, the plant will provide direct employment to 1,200 people and another 3,500 people indirectly.
The industry minister assured the group of all cooperation from the Telangana government and directed the principal secretary (Industries) Arvind Kumar to take requisite steps. The Jai Raj Steel representatives said that they will introduce top-notch, state-of-the-art technology in the plant that shall drastically reduce pollution levels. The company will produce TMT bars out of the new facility. The industry minister instructed Mahbubnagar district collector Sreedevi to extend support from the government.
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