The greenfield steel mill will be set up in Koppal taluk of Karnataka under the name of Baldota Steel and Power Limited (BSPL). It is expected to create direct and indirect job opportunities for 15,000 people and redefine the steel industry of the country.

Feb 13, 2025

Baldota Group, a leading business conglomerate having diversified footprint in mining, steel, pelletization, green energy, wind power, gases, shipping, aviation and environmental care, is planning to establish an integrated steel plant in Koppal taluk of Karnataka with an annual production capacity of 10.5 million TPA, entailing an investment of INR 54,000 crore.

To be established under the name of Baldota Steel and Power Limited (BSPL), the greenfield steel mill is expected to create direct and indirect job opportunities for 15,000 people residing in nearby areas. It will further redefine the steel industry of the country, driving economic prosperity and industrial expansion.

As per a government statement, Mr. Rahul Kumar N Baldota, Joint Managing Director of the Baldota Group, said they aimed to make Baldota a leading company in the country. He expected the ambitious project to become Karnataka’s pride in the steel industry and bring the State at the forefront of steel production.

Mr. Baldota told a leading English daily that they were planning to hold the groundbreaking ceremony in March, 2025. It would take around 2.5 years to three years for the project to become fully operational. 

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Regarding the availability of iron ore, Mr. Baldota said it would be available in a 50-km radius, which would be ferried to the location as efficiently as possible.’