Business EconomyPosted at: Feb 10 2025 1:24PM

Baldota Group to setup Rs 54,000-crore mega steel plant in Karnataka

Koppal, Feb 10 (UNI) 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 largescale employment opportunities for locals.
"Our vision is to position Baldota as a leading company in the country. This project will undoubtedly become Karnataka’s pride in the steel industry," he added.
The Baldota Group is a prominent player in mineral exploration, mining, industrial gases, pellet production, wind power, shipping, and waste treatment products. It also operates iron ore mines in Karnataka.
With a 70-year legacy in mining, the company has received the five-star rating award from the Centre for six consecutive years. As part of its corporate social responsibility (CSR) initiatives, Baldota Group has planted two million trees and adopted 20 villages, contributing to education, healthcare, sanitation, and women empowerment in rural areas.
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Tags: #Baldota Group to setup Rs 54 #000-crore mega steel plant in Karnataka

HDFC Capital partners with Total Environment to form Rs 1,300 cr platform

24 Mar 2025 | 7:11 PM

Hyderabad, Mar 24 (UNI) HDFC Capital, the real estate private equity arm of HDFC Group, on Monday said it has partnered with Total Environment, one of South India’s leading real estate developers, to form a Rs 1,300 crore platform for the development of high-quality homes in Bengaluru.

Baldota Group to setup Rs 54,000-crore mega steel plant in Karnataka

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NEW DELHI, MAR 24 (UNI):- Union Minister of Heavy Industries and Steel, H.D.Kumaraswamy at the signing ceremony of MoUs between Companies and Ministry of Steel under PLI 1.1, in New Delhi on Monday. UNI PHOTO-162U

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NEW DELHI, MAR 24 (UNI):- Union Minister of Health and Family Welfare and Chemicals and Fertilizers, Jagat Prakash Nadda at the inauguration of the World TB Day 2025, in New Delhi on Monday. UNI PHOTO-160U

NEW DELHI, MAR 24 (UNI):- Union Minister of Health and Family Welfare and Chemicals and Fertilizers, Jagat Prakash Nadda inaugurates the World TB Day 2025, in New Delhi on Monday. UNI PHOTO-158U

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NEW DELHI, MAR 24 (UNI):- Union Minister of Health and Family Welfare and Chemicals and Fertilizers, Jagat Prakash Nadda at the inauguration of the World TB Day 2025, in New Delhi on Monday. UNI PHOTO-155U

NEW DELHI, MAR 24 (UNI):- Union Minister of Health and Family Welfare and Chemicals and Fertilizers, Jagat Prakash Nadda inaugurates the World TB Day 2025, in New Delhi on Monday. UNI PHOTO-153U

NEW DELHI, MAR 24 (UNI):- Union Minister of Health and Family Welfare and Chemicals and Fertilizers, Jagat Prakash Nadda at the inauguration of the World TB Day 2025, in New Delhi on Monday. UNI PHOTO-152U

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