Work on Matsyodari Steel & Alloy’s manufacturing unit to begin by July 2020
The unit will have a capacity of 1,000 tpd
Matsyodari Steel & Alloy is planning to set up a thermo mechanical treatment (TMT) bars manufacturing unit at MIDC Industrial Area in Jalna district of Maharashtra.
The unit will have a capacity of 1,000 tpd and see an investment to the tune of Rs 80 crore.
The project received approval from the Maharashtra Pollution Control Board (MPCB) in July 2019 and was awaiting bank loan approval to begin the project.
Work was expected to commence by September 2019, however it got delayed.
Work has been delayed due to market conditions.
The work on the project is expected to commence by July 2020.