Shyam Metalics to Invest Over $5 Billion in Greenfield Steel Complex in Maharashtra
Based on · First reported
Sources
- Shyam Metalics and Energy signed an agreement with the Maharashtra government to invest more than $5 billion in a new steel complex in Chandrapur, Maharashtra. The greenfield plant will have a capacity of 9 million metric tonnes per year and is expected to create around 30,000 jobs. Operations are slated to begin in the current financial year, pending required approvals.
- The project’s scale and job creation potential could significantly boost the region’s industrial output and employment landscape, aligning with broader economic development goals for the state.
How we use AI · Report an error
Related stories
- Flydubai flight from Dubai to Tel Aviv diverted to Tabuk after cockpit stabbing
- Three Indonesian airports ready for 2026 MotoGP Mandalika event
- Amazon cargo jet overruns Miami runway, five killed
- GA-ASI and SoftBank complete successful MQ-9B disaster‑relief communications test
- UK to ban extra seat fees for families with children under 14