Hyderabad-headquartered Lalitanjali Group, focused on strategies, industry entry planning, market research and raw material sources, is planning to set up the country’s first steel industrial park in Visakhapatnam with an investment of Rs 650 crore, according to chief executive officer Rahul Rao.
The proposed industrial park will house 15 to 20 ancillary units guided by a pilot company, and facilities like an effluent treatment plant, water treatment plant, guest house, labour quarters, educational institute to offer a special diploma in steel industry, truck and container terminals, raw material storage, an end-product storage house, flyash brick manufacturing internal material handling logistics, police station and a hospital.
According to Rao, the company plans to commence work on the project from July after the land acquisition and statutory processes are in place.
Leave a Reply
You must be logged in to post a comment.