Financial Express reported that Raipur based Shri Bajrang Power & Ispat will put up INR 1,465 crore greenfield steel unit to manufacture 0.5 million tonne per annum of hot rolled coil to feed it newly commissioned pipe mill and may embark on raising capacity to 1 million tonne after the completion of the first phase in the next three years, depending upon the prevailing market condition. Shri Bajrang Power & Ispat’s Executive Director Mr Anand Goel said “ERW pipes are the fastest growing segment in carbon steel pipes space. At present, we buy HRC from others to feed the plant. Once we have our own HRC, it will give us a huge boost to our business and operations”Shri Bajrang Power & Ispat has acquired the requisite land in Raipur for the proposed 0.5 million tonne unit, which will produce steel using blast furnace route but is awaiting other clearances to start construction of the unit.Shri Bajrang Power & Ispat, which produces TMT bars under Goel TMT brand name, has three manufacturing units in Raipur with a total saleable metal capacity of 1.76 million tonne. It also has around 100 MW captive power generation capacity and a captive iron ore mine with approval to mine 1.2 million tonne a year.