{"id":48604,"date":"2025-08-28T21:25:22","date_gmt":"2025-08-28T15:55:22","guid":{"rendered":"https:\/\/punjabenews.com\/English\/?p=48604"},"modified":"2025-08-28T21:25:22","modified_gmt":"2025-08-28T15:55:22","slug":"setting-up-of-a-new-greenfield-steel-plant-in-punjab-with-a-capex-of-rs-2500-crore-including-solar-plant-says-cabinet-minister-sanjeev-arora","status":"publish","type":"post","link":"https:\/\/punjabenews.com\/English\/punjab\/setting-up-of-a-new-greenfield-steel-plant-in-punjab-with-a-capex-of-rs-2500-crore-including-solar-plant-says-cabinet-minister-sanjeev-arora\/","title":{"rendered":"Setting up of a new Greenfield Steel Plant in Punjab with a capex of Rs. 2500 crore including Solar Plant, Says Cabinet Minister Sanjeev Arora"},"content":{"rendered":"<p style=\"font-weight: 400;\"><strong>Setting up of a new Greenfield Steel Plant in Punjab with a capex of Rs. 2500 crore including Solar Plant, Says Cabinet Minister Sanjeev Arora<\/strong><\/p>\n<p style=\"font-weight: 400;\"><strong>\u00a0<\/strong><\/p>\n<p style=\"font-weight: 400;\"><strong>Sachit Jain from Vardhman Special Steels Limited (VSSL) in collaboration with Aichi Steel Corporation (ASC), Japan to set up this Plant in Ludhiana district<\/strong><\/p>\n<p style=\"font-weight: 400;\"><strong>\u00a0<\/strong><\/p>\n<p style=\"font-weight: 400;\"><strong>Direct employment for over 1500 people along with significant indirect employment and business opportunities for MSMEs<\/strong><\/p>\n<p style=\"font-weight: 400;\"><strong>\u00a0<\/strong><\/p>\n<p style=\"font-weight: 400;\"><strong>This project will serve as a milestone in Punjab&#8217;s industrial growth<\/strong><\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">Chandigarh, 28 August 2025:<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">Aiming to make Punjab as a major industrial hub and paying the way for providing ease of doing business, Punjab Cabinet Minister Sh. Sanjeev Arora today informed that Vardhman Special Steels Limited (VSSL) in joint venture with Aichi Steel Corporation (ASC), Japan is setting up a new Greenfield Special &amp; Alloy Steel Plant in Ludhiana district, Punjab.\u00a0 This project reflects our commitment to establish a sustainable, technologically advanced and globally competitive steel manufacturing facility in the state.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">Speaking to the media about this project, Sanjeev Arora said that total investment for this project is \u20b92500 crores.\u00a0 In this context, installed capacity of 5 Lakh Tonnes Per Annum (TPA) of Alloy &amp; Special Steel is a Plant Capacity &amp; Steelmaking will cater to both domestic and global automotive requirements.\u00a0 Production through the Electric Arc Furnace (EAF) route will ensure energy efficiency, reduced carbon emissions, and clean steel production.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">He further informed that solar power plant will also be set up with an outlay of Rs. 500 crore capax.\u00a0 This plant is being set up in collaboration with our associated partner to ensure the use of renewable energy for plant operations.\u00a0 This investment of \u20b9500 Crore is over and above the estimated \u20b92000 Crore Greenfield plant cost, he added.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">It is worth mentioning here that this project will facilitate employment generation in Punjab.\u00a0 Direct employment for over 1500 people along with significant indirect employment and business opportunities for MSMEs, suppliers, and service providers across Punjab, he said.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">Sanjeev Arora believed this project will serve as a milestone in Punjab&#8217;s industrial growth, reinforcing the state&#8217;s position as a leader in advanced and sustainable steel manufacturing.\u00a0 He also seeks the kind support and guidance of entrepreneurs to make this initiative a landmark success for Punjab&#8217;s economy and industry.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">Sharing more details, Sachit Jain Vice Chairman and Managing Director of VSSL said that focus has been on producing green steel through melting of steel scrap by using energy efficient technologies and utilization of renewable energy which aligned with global sustainability practices and India&#8217;s net zero vision.\u00a0 It will reduce dependence on fossil fuels and minimize carbon footprint.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">Sachit Jain said that this is a joint venture &amp; technology transfer project.\u00a0 This plant will be set up in collaboration with Aichi Steel Corporation, Japan, a world leader in special steel for automotive applications.\u00a0 ASC will provide continuous support and technical expertise which will help in producing world-class clean steel.\u00a0 This plant will be developed on the Toyota way layout ensuring operational excellence, safety, efficiency and world class plant layout.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">He further revealed that state-of-the-art technology will be used in this project.\u00a0 This project will incorporate the latest energy-efficient and productive technologies to enhance competitiveness while minimizing environmental footprint.\u00a0 This facility will be equipped to meet stringent global OEM standards, positioning Punjab as a hub for special steel exports leading to increased export competitiveness.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">Furthermore, he said that the project will also generate a strong multiplier effect across ancillary industries, forging units, logistics, service sectors and provide a boost to the Industrial Ecosystem.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">Secretary Industries and Commerce Kamal Kishor Yadav was also present during the press conference.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Setting up of a new Greenfield Steel Plant in Punjab with a capex of Rs. 2500 crore including Solar Plant, Says Cabinet Minister Sanjeev Arora \u00a0 Sachit Jain from Vardhman Special Steels Limited (VSSL) in collaboration with Aichi Steel Corporation (ASC), Japan to set up this Plant in Ludhiana district \u00a0 Direct employment for over [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":48605,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,20],"tags":[],"class_list":["post-48604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-punjab"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - 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