January 29, 2021 | Investopaper
Saurabh Group has set up a steel industry worth Rs 3.28 billion in Birgunj. The steel manufacturing industry will start production under the Sarbottam Steel brand from Baisakh. The huge industry constructed within Birgunj-22 Jagarnathpur, 28 Bagahi and 30 Lalparsa is connected to the road leading to Lalparsa village of Parwanipur-Dryport road section. About 90 percent of the work of the industry, which has been started three years ago, has been completed.
The industry covers an area of about 16 bighas and will produce the Sarbottam brand items such as rod, angles and strips. It aims to produce 264,000 metric tonnes of construction materials a year. Likewise, it estimates to employ 1,000 to 1,200 workers.
Machines with state-of-the-art technology have been installed from abroad and belting and other finishing work is underway. For the supply of electricity to the industry, a 33,000 KV substation has been constructed near Mulgate of Parwanipur. The electricity has been brought to the industry located at a distance of 3 km through the Parwanipur police post.
Saurabh Group has invested in industries including Sarbottam Cement, Laxmi Steel, Jagdamba Cement, Shubhshree Jagdamba Cement, Jagdamba Spinning, Jagdamba Synthetic, Saurabh Tea Estate, Saurabh Photo International and Saurabh Roto Packaging.
Bishnu Prasad Neupane of Saurabh Group, Rajesh Agrawal, an industrialist from Birgunj, and an Indian investor have invested in the industry.