The Steel Authority of India Ltd (SAIL) is setting up three steel processing units (SPU) in Madhya Pradesh for manufacturing various types of steel items used by the construction industry.
The foundation stone for the first two units in Ujjain and Hosangabad have been laid during the week by the Minister for Steel, Ram Vilas Paswan. The company plans to invest Rs 100 crore in the Ujjain unit and Rs 154 for the Hosangabad unit, a company release said.
The Ujjain unit will produce TMT bars from billets supplied from the Bhilai Steel Plant (BSP) and will have an annual capacity of one lakh tonne.
The Hosangabad unit will manufacture angles, channels, beams, joists and also TMT bars. SAIL is in the process of setting up 10 SPUs in six States where it does not have any production facility to meet the market demand for tailor-made steel products and to help increase per capita steel consumption in rural areas, the release said.
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