Swiss Firm Plans To Set Up Steel Plant In Andhra Pradesh
AP govt announces Swiss Firm IMR Metallurgical Resources AG planning to set up a mega steel plant with 10 million-tonne capacity with an investment of Rs 12,000 Cr in YSR Kadapa district. IMR Metallurgical presence globally across Indonesia, South Africa, Mexico, Columbia, Italy, Ukraine and India in the activities of coal, iron ore and gold mines, besides power production and steel manufacturing. The AP govt extends its all supports to proposed steel plant. In December 2019 CM laid stone for another steel plant in the same district with a capacity of 3 million tonnes per annum.