Maharashtra Govt Signs ₹80,962 Cr MoUs, 40k Jobs to Be Created

The Maharashtra government has signed nine memoranda of understanding (MoUs) with leading companies, unlocking a total investment of ₹80,962 crore. These projects are expected to create more than 40,300 jobs across key districts, giving a strong boost to industrial growth and employment generation.

The agreements were formalised at the Steel Mahakumbh organised by AIFA in Goregaon, Mumbai, in the presence of Chief Minister Devendra Fadnavis, Union Minister Pralhad Joshi, and State Industries Minister Uday Samant.

According to the Chief Minister’s office, the projects will be spread across Gadchiroli, Chandrapur, Nagpur, Wardha, Raigad, Chhatrapati Sambhajinagar, and Satara.

Among the landmark investments, Rashmi Metallurgical Industries will set up an integrated steel plant in Wardha with a capital outlay of ₹25,000 crore, expected to generate 12,000 jobs. In Raigad, Jindal Stainless Ltd will establish a stainless steel plant worth ₹41,580 crore, creating around 15,500 jobs.

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In Chhatrapati Sambhajinagar, NPSPL Advanced Material (Atha Group) will invest ₹5,440 crore to set up a critically advanced lithium battery material and carbon complex, employing 5,000 people. Gadchiroli will host joint projects by Sumedh Tools and Hariom Pipe Industries, bringing in ₹5,135 crore and creating 5,500 jobs.

Other projects include Icon Steel India Pvt Ltd’s ₹850 crore sponge iron unit in Chandrapur, Filtrum Autocomp’s ₹100 crore automotive steel parts facility in Wai, Satara, G R Krishna Ferro Alloys’ ₹1,482 crore sponge iron project in Mul, and Jaydeep Steelwork India’s ₹1,375 crore ISP project in Nagpur.

The MoUs highlight Maharashtra’s strategic positioning as a leading hub for steel, stainless steel, and advanced material manufacturing, while reinforcing India’s broader industrial growth agenda.