Sri Jayalakshmi Ferro Alloys plans to set up a ferro alloy plant at Pedabantupalli village in Gurla Mandal in Vizianagarm district of Andhra Pradesh with an investment of Rs. 500 million. The project involves setting up of 2×9 MVA electrical arc furnace in two phases to produce ferro manganese (4000 tpa), ferro chrome (23,660 tpa), silico manganese (2,660 tpa) and ferro silicon (1000 tpa). The project cost is estimated at Rs. 1821 million.