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Italian multinational conglomerate Danieli is setting up a manufacturing facility for building plant and equipment for the steel industry.
Danieli is the third largest supplier of plant and equipment for the metal industry with presence in multiple locations.
The facility coming up in Sri City will entail an outlay of Rs 750 crore and is likely to employ about 750 people.
Danieli aims to supply a variety of stainless steel products for steel, automotive, turbines and bearings. Andhra Pradesh Chief Minister N. Kiran Kumar Reddy visited the facility during his tour to Sri City.
rishikumar.vundi@thehindu.co.in
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