The stainless steel plant will be set up in Palghar district. It will generate employment for 3500 people in tribal areas of Maharashtra.
Jan 23, 2025
Viraj Profiles Private Limited has inked a Memorandum of Understanding (MoU) with the Government of Maharashtra to invest INR 12,000 crore for the establishment of an integrated stainless steel plant in Palghar.
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The leading global manufacturer and exporter of stainless steel products shared a post on a social networking platform, stating that the MoU was signed between Mr. Neeraj Raja Kochhar, Chairman and Managing Director of Viraj Profiles Private Limited and Mr. Devendra Fadnavis, Chief Minister of Maharashtra.
The initiative will generate employment for 3500 people in the tribal areas of Maharashtra, it added.
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In November 2024, Viraj Profiles marked its entry into the high-value seamless pipe segment by inaugurating an advanced piercer mill at its new seamless pipe plant in Boisar, Maharashtra.
