Monnet Ispat & Energy to undertake expansion of steel plant
The project will spread over 23 acre of land
Monnet Ispat & Energy is planning to expand integrated steel plant capacity from 1.74 million tpa to two million tpa at Naharpali village in Raigarh district of Chhattisgarh.
The project will spread over 23 acre of land and entail an investment of Rs 3,510 crore. Some of the products included are pellet with a capacity of 2.5 million tpa, sponge iron with a capacity of one million tpa, sinter with a capacity of 1.5 million tpa, among others.
The project will provide employment for 1,850 on regular contract and 1,985 on contractual basis.
Monnet Ispat & Energy is awaiting environment clearance (EC). The work on the project is expected to commence by February 2021 and complete by December 2022.