Archive · 23 Jan 2026
Punjab Secures ₹1,003.57 Crore for Steel Plant
Punjab has received a big investment of ₹1,003.57 crore to build a new steel factory.
This factory will be built by a company called AISRM Multimetals Private Limited in a place called Village Jaspallon, near Ludhiana.
The factory will make different types of steel products like bars and coils.
It will use special machines and technologies to make high-quality steel.
The project will be built in three parts, and the first part will be ready by September 2027.
This factory will create jobs for more than 900 people and will help Punjab become a bigger hub for making steel, especially for cars and car parts.
Punjab has secured a ₹1,003.57 crore investment for a special steel manufacturing facility.
The project is proposed by AISRM Multimetals Private Limited, part of the Arora Iron Group.
The facility will be set up in Village Jaspallon, Doraha–Khanna Road, District Ludhiana, over 46 acres.
The project will generate employment for over 920 persons and will be implemented in three phases, with the first phase operational by September 2027.
The plant will have an installed capacity of 5.40 lakh metric tonnes per annum and will manufacture round bars, wire rods, coils, and flats using advanced technologies.
- Who
- Punjab government and AISRM Multimetals Private Limited
- What
- Secured ₹1,003.57 crore investment for a special steel manufacturing facility
- When
- Project to be implemented in phases, first phase operational by September 2027
- Where
- Village Jaspallon, Doraha–Khanna Road, District Ludhiana, Punjab
- Why
- To strengthen Punjab's industrial and metallurgical ecosystem, generate employment, and meet the demand for high-grade steel in the automobile and automotive components sector
- Investment Amount
- ₹1,003.57 crore
- Investor
- AISRM Multimetals Private Limited
- Location
- Village Jaspallon, Doraha–Khanna Road, District Ludhiana
- Project Area
- 46 acres
- Employment Generation
- 920 persons
- Project Phases
- 3
- First Phase Completion
- September 2027
- Installed Capacity
- 5.40 lakh metric tonnes per annum
- Products
- Round bars, wire rods, coils, flats
- Raw Materials
- Scrap and ferro alloys
- Operational Days
- 350 days a year
- Technologies
- Induction furnaces, electric arc furnaces, ladle refining furnaces, vacuum degassing, argon oxygen decarburization, continuous casting machines, rolling mills