Goyal Furnace Expands with 36 Crore Mild Steel Ingots Project in Himachal Pradesh

Goyal Furnace Private Limited is embarking on an ambitious expansion with its Mild Steel Ingots Project in Sansarpur Terrace, Kangra, Himachal Pradesh. This strategic initiative reflects the company's commitment to growth and innovation within the steel manufacturing sector. With an investment of 36 crores, the project aims to significantly enhance its production capacity and cater to the rising demand for mild steel ingots across various industries.

Situated in Sansarpur Terrace, Kangra, Himachal Pradesh, the project capitalizes on the region's conducive industrial environment and strategic location. Himachal Pradesh's well-developed infrastructure, access to raw materials, and skilled workforce provide an ideal setting for industrial growth and operational efficiency. Additionally, the project's proximity to key transportation networks facilitates seamless logistics, ensuring timely delivery of mild steel ingots to customers across different regions.

The Mild Steel Ingots Project holds promise for employment generation and socio-economic development in Kangra and its neighboring areas. With a projected production capacity of 77,400 metric tons per annum (TPA), the project is expected to create job opportunities across various skill levels, thereby contributing to livelihood enhancement and community empowerment. Goyal Furnace Private Limited aims to prioritize local hiring and skill development initiatives, fostering a culture of inclusivity and socio-economic upliftment.

News by Rahul Yelligetti