Chief Minister Yogi Adityanath will inaugurate an integrated steel plant set up by Ankur Industries Ltd at 82 acres of land in Gorakhpur, on Sunday.
The production of Thermax powered (TMX) rebars at Rs 550 crore investment plant and 30-megawatt captive plant is also included in it.
Over 2,000 people will get direct employment and 5,000 people indirect employment after the plant becomes operational.
Ankur Industries Ltd has signed an MOU of Rs 700 crore at Global Investors Summit in Lucknow recently.
The production capacity of the integrated steel plant is 3 lakh ton per year and the establishment work of the plant began in 2020.
Under the state government’s investment promotion policy 2020, the technical designing of this mega plus project was done by the country’s prominent steel industry advisors and technical specialists.
Ankur Industry Ltd has developed 1.5 km long track private railway siding and also made a 700-meter long unloading platform on the factory campus to bring raw material from the various parts of the country. TMX rebar is being produced here which is a changed and better form of TMT rebars.
“TMX rebars are being produced here with ultra-modern state of art technology. At an integrated steel plant, the capacity of the sponge iron plant is 2,12,500 metric ton per year, the capacity of the steel melt shop/induction furnace is 3,00300 metric tons and the rebars rolling mill capacity is 2,91,300 metric ton per year,” said chairman and managing director of Ankur Industries group, Ashok Jalan.
CEO of GIDA Pawan Agarwal said that industrialists are motivated due to the UP government’s industry friendly policy and transparent system. “Many heavy industry proposals have come in GIS and soon a series of heavy industries will be seen in GIDA,” he said.