Maharashtra Government Signs Nine MoUs Worth ₹80,962 Crore for Industrial Projects.

The Maharashtra government recently signed nine Memoranda of Understanding (MoUs) with various companies, attracting a total investment of ₹80,962 crore. According to officials, the projects under these agreements are expected to generate over 40,300 jobs across the state.

The MoUs were signed during the Steel Mahakumbh event, organised by the All India Induction Furnace Association (AIIFA) in Goregaon, Mumbai. The event was attended by Maharashtra Deputy Chief Minister Devendra Fadnavis, Union Coal and Mines Minister Pralhad Joshi, and State Industries Minister Uday Samant.

According to a statement from the Chief Minister’s Office, the projects will be set up in districts including Gadchiroli, Chandrapur, Nagpur, Wardha, Raigad, Chhatrapati Sambhajinagar, and Satara.

Among the major investments:

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  Rashmi Metallurgical Industries will set up an integrated steel plant in Wardha with an investment of ₹25,000 crore, expected to create 12,000 jobs.

  
  


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  Jindal Stainless Ltd will invest ₹41,580 crore in a stainless steel plant in Raigad, generating approximately 15,500 jobs.

  
  


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  In Chhatrapati Sambhajinagar, NPSPL Advanced Material (Atha Group) will establish a ₹5,440 crore lithium battery material and carbon complex, employing around 5,000 people.

  
  


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  Gadchiroli will host joint projects by Sumedh Tools and Hariom Pipe Industries, bringing in ₹5,135 crore and creating 5,500 jobs.

  
  

Other notable investments include:

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  Icon Steel India Pvt Ltd's ₹850 crore sponge iron unit in Chandrapur

  
  


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  Filtrum Autocomp's ₹100 crore automotive steel parts unit in Wai, Satara

  
  


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  G R Krishna Ferro Alloys' ₹1,482 crore sponge iron project in Mul

  
  


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  Jaydeep Steelwork India's ₹1,375 crore integrated steel plant in Nagpur

  
  

The state government emphasized that these industrial projects are aligned with its push to streamline approvals and reduce bureaucratic delays, aiming to make Maharashtra a more investment-friendly destination.