Dhaka, March 19 -- A Tk 37 billion green steel project, being constructed by Bashundhara Multi Steel Industries Limited (BMSIL) in the National Special Economic Zone in Mirsarai, Chattogram, is in disarray due to lack of utility and policy support.

The project, the biggest single unit steel factory of the country, was launched in 2021 to produce eco-friendly steel with low carbon emissions using the technology of Danieli's MIDA, the Italy-based global steel giant.

It was scheduled to start production by mid-2026 but as the authorities concerned fail to provide funding as pledged, meeting the deadline has become uncertain, officials alleged.

Bashundhara Multi Steel Industries Ltd. (BMSIL) has secured approval for 3 MMSCFD of natural gas...