Lalitanjali Group to set up Steel Park in Visakhapatnam
Updated: May 02, 2014 03:50:05pm
Hyderabad, May 2 (KNN) Hyderabad headquartered infrastructure engineering and supply chain management firm Lalitanjali Group is planning to set up the country’s first steel industrial park in Vishakhapatnam which will house 15 to 20 ancillary units guided by a pilot company, and facilities like an effluent treatment plant, water treatment plant etc.
The overall capacity of the upcoming industrial park will be approximately 7-8 lakh tonnes, with captive power of over 25 mw, according to the company’s statement here yesterday.
“This offers a huge business opportunity for companies in India, as the landing costs of raw materials from other countries is cheaper by USD 5-6 in Vizag compared to other states,” said CEO of Lalitanjali Group, 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.
"The city has significant geographical advantages because of the presence of two major ports, better air connectivity, and its strategic location closer to the South Asian market," he said.
Rao added that nearly 20 companies have already evinced interest in setting up shop at the park. (KNN Bureau)
The overall capacity of the upcoming industrial park will be approximately 7-8 lakh tonnes, with captive power of over 25 mw, according to the company’s statement here yesterday.
“This offers a huge business opportunity for companies in India, as the landing costs of raw materials from other countries is cheaper by USD 5-6 in Vizag compared to other states,” said CEO of Lalitanjali Group, 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.
"The city has significant geographical advantages because of the presence of two major ports, better air connectivity, and its strategic location closer to the South Asian market," he said.
Rao added that nearly 20 companies have already evinced interest in setting up shop at the park. (KNN Bureau)
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