Express News Service reported that Chennai’s Sathangadu Iron & Steel Market is set to get a makeover as the Chennai Metropolitan Development Authority is planning to conduct a feasibility study for modernizing it. Sathangadu Iron & Steel Market spread over 203 acres & 850 plots of varying sizes were developed for wholesale steel traders in 1991 including 37.58 acres to Steel Authority of India Ltd & 13.21 acres to Rashtriya Ispat Nigam Limited. However, out of the 850 slots, 131 are lying vacant and the study will explore possibilities on how to generate revenue out of it.Due to Cyclone Vardah in 2016 and Nivar in 2020, the roads and infrastructure were severely damaged, resulting in the need for revamp. Sathangadu Iron & Steel Market Association President Mr PG Armugam said “Only last year, the roads were repaired and streetlights were provided but we still lack proper power connection and internet connectivity is poor. We request CMDA to go in for another network provider to ensure proper connectivity.”
Express News Service reported that Chennai’s Sathangadu Iron & Steel Market is set to get a makeover as the Chennai Metropolitan Development Authority is planning to conduct a feasibility study for modernizing it. Sathangadu Iron & Steel Market spread over 203 acres & 850 plots of varying sizes were developed for wholesale steel traders in 1991 including 37.58 acres to Steel Authority of India Ltd & 13.21 acres to Rashtriya Ispat Nigam Limited. However, out of the 850 slots, 131 are lying vacant and the study will explore possibilities on how to generate revenue out of it.Due to Cyclone Vardah in 2016 and Nivar in 2020, the roads and infrastructure were severely damaged, resulting in the need for revamp. Sathangadu Iron & Steel Market Association President Mr PG Armugam said “Only last year, the roads were repaired and streetlights were provided but we still lack proper power connection and internet connectivity is poor. We request CMDA to go in for another network provider to ensure proper connectivity.”