Grace Industries is planning to set up a Ferro Alloys Plant, Integrated Steel Plant comprising Mini Blast Furnace , Direct Reduced Iron Plant , Beneficiation of Iron Ore and Pelletization Plant, Steel Melt Shop ( IF, EAF, LRF , AOD, VOD , Continuous Caster etc ) , Rolling Mill, Producer gas Plant and WHRB Captive Power Plant in Chandrapur district of Maharashtra. As of June 2015, the project is in the planning stage.