Berry Alloys invests Rs 1,200 crore in Andhra Pradesh steel complex with DRI and captive power
deccanchronicle.comBerry Alloys Ltd is investing Rs 1,200 crore to build an integrated manganese and steel materials complex in Vizianagaram district, Andhra Pradesh. The project includes a Direct Reduced Iron (DRI) facility, a manganese sinter plant, a carbon paste plant, and a 115 MW captive power plant. It will produce 0.5 million tonnes of manganese sinter and 330,000 tonnes of DRI annually, creating 813 direct jobs. The state government approved 93.43 acres of land at a concessional rate of Rs 77.25 lakh per acre. This investment is part of India's broader push to reach 300 million tonnes of steel capacity by 2030 under the national steel policy. DRI technology is generally less carbon intensive than traditional blast furnaces, especially if the captive power plant uses natural gas or renewable energy. The project also aims to process local manganese ore into higher value products rather than exporting raw minerals. The company already exports ferro alloys to Asia, the Middle East, Europe, and North America through Visakhapatnam Port. The state is positioning itself as a metals hub, with other large investments like the ArcelorMittal Nippon Steel plant also in the pipeline.
