Baldota Group to setup Rs 54,000-crore mega steel plant in Karnataka
Koppal, Feb. 10 -- Karnataka-based Baldota Group is set to achieve a major milestone with the establishment of a mega steel plant in Koppal taluk.
The company is investing Rs 54,000 crore to set up an integrated steel plant with a production capacity of 10.50 million tons per annum. As part of this initiative, a Memorandum of Agreement will be signed during the Global Investors' Meet on February 11 (Tuesday), in the presence of Chief Minister Siddaramaiah.
Announcing this development, Rahul Kumar N Baldota, Joint Managing Director of Baldota Group, said the new steel plant will operate under the name Baldota Steel and Power Limited (BSPL). He emphasised that the project would significantly boost steel production in Karnataka and generate la...
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