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Baldota to Make Steel Sector Foray With ₹54,000-Cr Project

Hindustan Times Pune

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April 11, 2025

Renewable energy player Baldota Group on Thursday said it plans to foray into the steel sector with an investment of ₹54,000 crore for setting up a project in Karnataka with up to 10.5 million tonnes (MT) production capacity.

- Press Trust of India

NEW DELHI:

Once commissioned, the greenfield project will be the second largest steel plant in the state, creating lakhs of direct and indirect jobs, said Nagaraj N B, vice president of the Integrated Steel Project in a company statement.

According to the Karnataka-based diversified group, it currently operates in the areas of renewable energy (wind and solar), shipping, pellets, gases and mining.

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