AP High Grade Steels invites EoI for Kadapa steel plant
27 July 2020
AP High Grade Steels, a special purpose vehicle (SPV) formed to set up a steel plant in YSR Kadapa district of Andhra Pradesh, has invited global players for partnership in a proposed greenfield steel plant project.
AP High Grade Steels, through a public notification, has issued a notice inviting expression of interest (EoI) from various global players for setting up the steel plant through the joint venture (JV) route.
The government of Andhra Pradesh is seeking to expedite the setting up of the steel plant which has been under consideration for the past few years.
The government has proposed setting up an integrated steel plant with a capacity of about three million tpa.
The government has also earmarked about 3,500 acres of land, assured uninterrupted power supply, the supply of two TMC of water, and the creation of the various necessary infrastructure needed for the proposed project.
The state government had also held talks with the state-owned iron ore mining company NMDC for the supply of iron ore for the steel plant.
As part of the proposed project, the SPV is now seeking potential partners, collaborators interested in developing the steel plant by taking part in its equity, bringing in technology, operating the project, and marketing the steel output.