Baldota Group to set up Rs 54,000 crore integrated steel plant in Karnataka

Karnataka based, Baldota Group plans to invest Rs 54,000 crore to set up an integrated steel plant with a production capacity of 10.50 million tons per annum in Koppal taluk, Karnataka.

As part of this initiative, the company will sign a Memorandum of Agreement in the Global Investors’ Meet on February 11 (Tuesday), in the presence of Chief Minister Siddaramaiah.

The new steel plant will be established under the name Baldota Steel and Power Limited (BSPL) in Koppal.


“This project will significantly boost steel production in Karnataka and generate large-scale employment opportunities to locals. Our vision is to make Baldota as a leading company in the country. This project will undoubtedly become Karnataka’s pride in the steel industry, said Rahul Kumar N Baldota, Joint Managing Director of Baldota Group.

The Baldota Group is a leading player in mineral exploration, mining, industrial gases, pellet production, wind power, shipping, waste treatment products and also operating iron ore mines in Karnataka.