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Russian steel firm NLMK to invest Rs 800 crore in state : Maharashtra government


Russia’s Novolipetsk Steel (NLMK), the manufacturer of high-quality steel products, is keen on investing Rs 1,000 crore for setting up a unit at AURIC-Shendra, said Gajanan Patil, General Manager Maharashtra Industrial Development Corporation (MIDC)  Representatives of NLMK Group from Russia recently met us and have shown willingness to invest Rs 1,000 crore at AURIC-Shendra, he added. They have sought permission to carry out feasibility testing for setting up their plant,” Patil said.

“Their plan is to set up the facility on 75 acres,” the bureaucrat said. “We have assured them of all support.” Guangdong Baihe Medical Technology Co Ltd of China is mulling setting up a dialysis machine plant on 10 acres at AURIC-Shendra, Patil said. Baihe Medical is among the leading medical device manufacturers in China and specializes in medical disposables for use in anesthesia, blood purification, infusion and wound care. “Baihe plans to invest Rs 100 crore in AURIC-Shendra,” Patil said.

Fuji Silvertech, Japans leading precast concrete manufacturing company with an installed capacity of 4,90,000 tonnes per annum, has also approached us for setting up precast infrastructure set up in AURIC-Bidkin with an investment of Rs 150 crore,” the official said. The Japanese company is looking at setting shop on a 20-acre plot under the government’s `Make-in-India’ initiative. It already has a plant at Ahmedabad and is looking to meet the growing requirement of high-quality precast concrete products across India, he said.

Chief Minister Devendra Fadnavis met Honeywell Vice President and General Manager Ken West and other delegates here to discuss investment and expansion plans on Thursday. Fadnavis also met representatives of NLMK Russian Transformer Steel company in Mumbai to discuss investment plans after which he announced that NLMK will invest Rs 800 crore in Aurangabad DMIC in the first phase and further expand it to Rs 6000 crore by the year 2022. 

"CM Devendra Fadnavis meets representatives of NLMK Russian Transformer Steel company in Mumbai to discuss investment plans. Minister Subhash Desai and other officials were present," the Chief Minister's office tweeted. "NLMK is investing Rs 800 crore in Aurangabad DMIC in the first phase and will expand it further with Rs 6000 crore investment by 2022," it said in another tweet. 

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