AISL plans to set up Rs 4,500-crore steel plant at Koppal

Aaress Iron and Steel (AISL), has made announcement that the company envisages to pump Rs 4,500 crore for building its first integrated steel plant at Koppal, in northern Karnataka. 

The project will be implemented in two phases and the company aims to start production by mid-2010 with an initial capacity of 1.2 million tonnes annually.

According to the sources, the facility, spread across 1,100 acres of land, will generate special carbon and alloy steel grades to ply to the automobile industry and other high-value added engineering sections.