Crafting Steel's Future: Kashvi's 123 Crore Project in Odisha

Kashvi International Private Limited is venturing into the steel industry with plans to establish a new Iron Ore Pellet Plant in Champadihi, Keonjhar district, Odisha. This greenfield project, which is yet to be developed, marks a significant expansion for the company within the resource-rich region of Odisha. The project aims to produce 0.6 Million Tonnes Per Annum (MTPA) of iron ore pellets, contributing to the demand for raw materials in the steel manufacturing sector.

The land acquisition process for the project is underway, with 26.30 acres already owned by the company and an additional 33.71 acres being acquired to accommodate the plant's infrastructure. The project, estimated at a cost of ₹123 Crore, is expected to reach completion within 2.5 years following the receipt of environmental clearance, signaling the company's commitment to adhering to regulatory standards and environmental sustainability.

To ensure uninterrupted power supply, the project will be connected to the NESCO 132/33 KV Grid Substation at Palaspanga, supplemented by two 500 KVA DG sets for emergency backup. This strategic planning underscores the project's emphasis on reliability and operational efficiency.

Kashvi International is part of the broader Kashvi Group, which has interests spanning various sectors including power and steel, agritech, education through Gyanodaya Educational Trust, and retail with Kashvi Mall (KNOX). This diverse portfolio highlights the group's ambition and its role in contributing to regional development.

The establishment of the Iron Ore Pellet Plant by Kashvi International is poised to offer multiple benefits, including job creation and economic growth in Keonjhar district. By increasing local production capacities and stimulating related industries, the project promises to make a significant impact on the local economy and beyond. For stakeholders and the local community, the project represents a forward step towards industrial growth and sustainable development in the region.

News by Rahul Yelligetti