The Baldota Group will invest ₹54,000 crore in a new steel plant in Karnataka, with a formal agreement to be signed at the Global Investors’ Meet on February 11th in the presence of Chief Minister Siddaramaiah. This significant investment is projected to create 15,000 local jobs.
Rahul Kumar N Baldota, Joint Managing Director of the Baldota Group, emphasized the project’s importance in strengthening the company’s position within the steel industry. “Our vision is to make Baldota a leading company in the country,” he stated, adding, “This project will undoubtedly become Karnataka’s pride in the steel industry.”
Founded in 1961, the Baldota Group has diversified interests across various sectors, including mining, mineral exploration, industrial gases, pellet production, wind power, shipping, and waste treatment.