Kolkata-based Berry Alloys to invest ₹1,200 crore in steel, metals complex in Vizianagaram
Kolkata-based Berry Alloys Limited is investing ₹1,200 crore to establish an integrated manganese and steel materials complex in Vizianagaram, Andhra Pradesh. The project, which includes a DRI plant and captive power facility, is expected to create over 800 jobs and support India's growing steel production capacity.
Why it matters
This investment aligns with India's National Steel Policy goals to double steelmaking capacity by 2030 and strengthens the domestic industrial value chain.
Berry Alloys Limited (BAL), a Kolkata -based bulk ferro alloy manufacturer, is investing ₹1,200 crore in an integrated manganese and steel materials complex at the Bobbili Growth Centre in Vizianagaram district.
The Andhra Pradesh government recently cleared the project, paving the way for the State to emerge as one of India’s fastest-growing destinations for steel and metals, according to an official release.
The BAL facility is expected to generate 813 direct jobs while strengthening the State’s rapidly expanding metals value chain, and the investment comes as India prepares for a significant expansion in steel production over the coming decade.
The National Steel Policy targeted 300 million tonnes of annual steelmaking capacity by 2030 , nearly doubling current levels and driving a sharp increase in demand for manganese, a critical alloying element that improves the strength, hardness and wear resistance of steel.
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