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KCR bagged 1000 crores deal from Australia
By: Tupaki Desk | 3 July 2014 5:00 AM GMT
Telangana chief minister KCR is leaving no stone unturned to attract the foreign investors into his state.Recently KCR managed to bag the prestigious Hero Motocorp project and now one more foreign investment came on his way.
The newly formed state has bagged the first industrial project worth Rs.1000 crore by an Australian firm. NSL consolidated, a bulk commodities company has come forward to set up an iron ore pellets plant with an initial investment of Rs 1,000 crore in Telangana.
Company representatives on Wednesday met state chief minister K Chandrasekhara Rao and informed him about their plans.The company representatives expressed their willingness to setup the industry and said KCR that the industry would make use of the available ore in the state for the usage of steel industry.
They pointed out that Karimnagar and Medak districts were having 220 million tons of iron ore.According to them very low grade iron ore available (35 - 40 % content) in the area and later it will be upgraded to 65 plus % for use in steel companies.
The unit may come up at Atmakur of Karimnagar district.According to the press release from CMO the iron ore found in the region was feasible for pellet making and found great use in steel making. The industry expected to offer employment for at least 2000 people.
It’s just one month since KCR took charge as CM and he has already started attracting foreign investments.With in tne month into governance; KCR has given enough indications that he has the capability to put Telangana back on the path to development and progress.
The newly formed state has bagged the first industrial project worth Rs.1000 crore by an Australian firm. NSL consolidated, a bulk commodities company has come forward to set up an iron ore pellets plant with an initial investment of Rs 1,000 crore in Telangana.
Company representatives on Wednesday met state chief minister K Chandrasekhara Rao and informed him about their plans.The company representatives expressed their willingness to setup the industry and said KCR that the industry would make use of the available ore in the state for the usage of steel industry.
They pointed out that Karimnagar and Medak districts were having 220 million tons of iron ore.According to them very low grade iron ore available (35 - 40 % content) in the area and later it will be upgraded to 65 plus % for use in steel companies.
The unit may come up at Atmakur of Karimnagar district.According to the press release from CMO the iron ore found in the region was feasible for pellet making and found great use in steel making. The industry expected to offer employment for at least 2000 people.
It’s just one month since KCR took charge as CM and he has already started attracting foreign investments.With in tne month into governance; KCR has given enough indications that he has the capability to put Telangana back on the path to development and progress.
