Welspun Maxsteel is planning to set up a 330 MW captive power plant at Salav village in Raigad district of Maharashtra. The existing plant is spread over 435 acres and 200 acres of land had been acquired for this expansion. It is also acquiring additional 150-200 acres of land for its steel & power plant expansion. The company is planning to invest around Rs.60,000 million towards the expansion project.
The project has achieved all statutory clearances and achieved financial closure and is expected to go operational in the next -2-3 years.