Punjab Newsline, Chandigarh, November 22-
Punjab CM Bhagwant Singh Mann on Friday assured fulsome support and cooperation to Vardhman Special Steels Limited (VSSL) for Setting up a Greenfield Unit for manufacturing of Special Alloy Steel through Electric Arc Furnace Route at a cost of Rs 1750 crore.
The Chief Minister, during a meeting with Vice Chairman and Managing Director VSSL Sachit Jain here at his office in Punjab Civil Secretariat, said that the state government is committed for giving major fillip to the investment in the state. He said that it is heartening that VSSL is setting up a Greenfield Unit for manufacturing of Special Alloy Steel through Electric Arc Furnace Route at a cost of Rs 1750 crore. Bhagwant Singh Mann said that this project having installed capacity of about 5 lac TPA will be set up with an investment of Rs 1750 Crores in collaboration with Aichi Steel Corporation Japan.
The Chief Minister said that the project is expected to give employment to over 1500 youth in the state adding that the Company will produce “Green Steel” from this plant.The Industry and Commerce Minister Tarunpreet Singh Sond also present in the meeting.
