The Baldota Group has announced plans to invest an estimated 54,000 INR-Crore to establish an integrated steel plant in Koppal, Karnataka. The project, operated by Baldota Steel and Power Limited (BSPL), will significantly boost steel production in the region. Furthermore, the upcoming plant will have an annual production capacity of 10.50 Million Tonnes.
The announcement was made ahead of the Global Investors’ Meet (GIM) 2025, to be held today, February 11, where the company will sign a Memorandum of Agreement. This initiative will generate large-scale employment opportunities for locals as well as contribute to the state’s industrial growth.
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The Baldota Group, known for its presence in mineral exploration, mining, and other sectors, continues to expand its footprint with this ambitious project. The new steel plant will not only enhance Karnataka’s steel production but also align with the company’s commitment to CSR initiatives.
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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
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