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Nova Iron & Steel to set up 1.5 MTPA integrated steel plant

01 Feb 2013 Evaluate

Nova Iron & Steel has received an approval for expansion and setting up of 1.5 million tonnes per annum (MTPA) integrated steel plant and 356 MW captive power plant at existing plant site at village Dagori, Bilaspur in Chhattisgarh. The board at its meeting held on January 31, 2013 has approved for the same.

Nova Iron & Steel is engaged in the manufacture and sale of sponge iron in India. The company also provides product separation, screening, and storage facilities.

Peers
Company Name CMP
JSW Steel 1245.00
Tata Steel 167.70
Steel Authority 159.70
Jindal Stainless 674.25
APL Apollo Tubes 2161.00
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