Karnataka-based Baldota Group to establish a mega steel plant in Koppal

Karnataka-based Baldota Group is set to achieve a major milestone by establishing a mega steel plant.

The Baldota Group is investing Rs 54,000 crore to set up an integrated steel plant with a production capacity of 10.50 million tons per annum in Koppal taluk, Karnataka.

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As part of this initiative, the company will sign a Memorandum of  Agreement in the  Global Investors’ Meet on February 11 (Tuesday), in the presence of Chief Minister Siddaramaiah.

This announcement was made by Rahul Kumar N Baldota, Joint Managing Director of Baldota Group.

The new steel plant will be established under the name Baldota Steel and Power Limited (BSPL) in Koppal. According to Rahul Kumar Baldota, this project will significantly boost steel production in Karnataka and generate large-scale employment opportunities to locals. 

Our vision is to make Baldota as a leading company in the country. This project will undoubtedly become Karnataka’s pride in the steel industry, he added.

The Baldota Group is a leading player in mineral exploration, mining, industrial gases, pellet production, wind power, shipping,  waste treatment products and its also operating iron ore mines in Karnataka.

With a 70-year legacy in mining, the Baldota Group has received the five-star rating award from the Centre for 6 consecutive years. The company has planted 2 million trees and has adopted 20 villages under its corporate social responsibility (CSR) initiative, contributing to education, healthcare camps, sanitation, and women empowerment in rural areas.