Steel and Cement Manufacturing Projects in Chhattisgarh Total $4.8 Billion

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Researched by Industrial Info India (Delhi, India)--The Raipur zone in the central Indian state of Chhattisgarh is experiencing a strong influx of Metals & Minerals Industry projects. As per the last count an investment of $ 4.8 billion is being pumped into projects related to iron, steel and cement manufacturing.

Click on image at right for a listing of active iron, steel and cement projects in Chhattisgarh in Industrial Info's International Metals & Minerals Database.

The mineral-rich state of Chhattisgarh, which already boasts massive steel mills such as those belonging to Steel Authority of India Limited's (BSE:500113) (SAIL) (New Delhi), Bhilai Steel Mill, will witness a surge of iron & steel manufacturing projects worth 2.8 billion. These include greenfield and expansion projects. Big players such as Tata Steel, Jindal Steel, Monnet Group and Visa Steel are investing in these projects.

Cement manufacturing has a major presence in the region with companies such as Lafarge, Holcim (Ambuja & ACC), Grasim, and Ultra-tech having operational plants at various sites. This will be further enhanced with investment in cement manufacturing projects worth $ 2 billion. The reasons for such investments in this region include:

• Availability of raw materials supporting the industries
• Waste from sleet plants, i.e slag, is used to produce cement. So with these plants in close vicinity, transportation costs are reduced.
• State governments have relaxed norms and tax benefits for investment of heavy metal industries.

The steel and cement sectors are the backbone of Indian manufacturing. These investments will further strengthen the position of India as global leaders in these two industries.

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