Nova Iron & Steel to set up 1.5 MTPA steel mill in Chhatisgarh

NEW DELHI: Nova Iron & Steel today said its board has approved an expansion plan besides setting up of 1.5 million tonne per annum (MTPA) steel plant at existing facility in Chattisgarh.

"The Board of Directors of the Company at its meeting held on January 31, 2013 approved the proposal of expansion and setting up of 1.5 MTPA integrated steel plant at existing plant site at village Dagori Bilaspur," the company said in a filing to the BSE.

The board also approved setting up of captive 356 MW power plant there, it added.