# MS Agarwal Foundries to build ₹1,200 crore sponge iron and steel mill in Andhra Pradesh

MS Agarwal Foundries is setting up a ₹1,200 crore backward integration project for sponge iron and a steel rolling mill at Madhavaram, Mantralayam, Andhra Pradesh. The project will double the company's manufacturing capacity to 0.55 million tonnes per annum and is expected to be commissioned by March 2022.

- Type: New facility
- Announced: 2020-11-13
- Where: Madhavaram, Mantralayam, near Kurnool, Andhra Pradesh, India
- Value: $162.0M (12.0B INR)
- Starts operating: Mar 2022
- Status: announced
- Capacity: 0.55 million tonnes per annum
- Products: sponge iron, steel products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [MS Agarwal Foundries](https://endata.com/companies/51196.md)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/ms-agarwal-foundries-to-set-up-1200-cr-sponge-iron-plant-steel-mill-at-mantralayam/article33092816.ece), 2020-11-13: "the new project is being funded through internal accruals and loans and will double the company's manufacturing capacity for sponge iron and steel products."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.