RKKR Steels reports progress on Krishnapatnam Project

RKKR Steels has reported progress on its integrated steel project coming up in AP with an investment of Rs.5,000 million. The project involves setting up a a sinter facility and a blast furnace with downstream steel making and rolling facilities to manufacture alloy and special steel required by the automotive and engineering sectors at Krishnapatnam in Vizag district. A special purpose vehicle in the style of ‘SBQ Steels Ltd’ has been floated to execute the project. The proposed plant will have a a capacity to produce five lakh tonnes of pig iron making and 2.5 lakh tonnes of steel. As of July 2007, The AP Government has allotted 250 acres of industrial land for the project and preliminary site work has been completed. Financial closure is expected by the end of this month. The project will be executed in two phases. While Technology for iron making is being sourced from TRF Ltd , The company is in negotiations with a few Japanese steel manufacturers for steel making. The project also includes a 16 MW waste-heat recovery power plant for captive consumption.

RKKR Steels Ltd, 6/13, Park Avenue, Chennai – 600 028. Tel : 52100044. Fax: 52100177. Email: info@rkkrgroup.com. Mr.Rajiv Rai, Director