A memorandum of understanding was signed between Government of Maharashtra and Shree Uttam Steel & Power for a 1.5 MnTpa HR Coil Plant and 40 MW Captive power plant at Maharashtra. The plant will be set up in sindhudurg district.
The project which is expected to be set up at INR 11, 156 crores will generate an employment of 2,500 people.
[su_quote cite=”Anuj R Miglani, Director of Shree Uttam Steel & Power.”]It is a great opportunity for us. The project could not have materialized without the help of Government of Maharashtra, who provide ambient environment for companies to operate in. The industrial climate of Maharashtra is very conducive for growth and Maharashtra has become one of the most progressive states in the country. The political leadership in Maharashtra has very ambitious plans for growth and the bureaucracy provides an efficient and diligent mechanism to implement such plans. The project will help in providing a great impetus in generating employment which will help in boosting the local economy as well. [/su_quote]
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