Essar Steel Selected By Andhra Government As JV Partner For Kadapa Steel Plant
The state government of Andhra Pradesh has selected Essar Steel Limited as the joint venture (JV) partner for setting up a 3 million tonne per annum capacity steel plant in the Kadapa district of the state. Earlier the state cabinet canceled the decision to board in Liberty Steel India Limited as the JV partner for the construction and development of the YSR Steel Plant. The CAPEX of the project is Rs 11,606 crore.