Baldota Group announces steel sector foray with Rs 54,000-cr project in Karnataka

Baldota Group is set to enter the steel sector with a Rs 54,000 crore investment in Karnataka, aiming for a 10.5 MT production capacity. The greenfield project, expected to be the state's second largest, has received environmental clearance for the initial 3.5 MT phase, with plans to expand by 2030, contributing to India's 300 MT steel target.