Chennai is a major centre for iron Steel trade. It also serves as the feeder market for the entire south. The growth rate of various core sectors in Chennai is quite high, but the Iron & Steel trade in Chennai does not seem to be located well enough to run efficiently or handle its growth potential. Congested locations, cramped spaces, heavy-vehicle movement in narrow streets, traffic blockades, noise unhygienic environs - all lead to tardy and uneconomical operations.
Government in Housing and Urban Development Department vide G.O.Ms.No.62, dt. 23.02.99 have issued orders declaring the Iron and Steel Market at Sathangadu as the "Market Area" with effect from 1.3.99.
Located ideally - over 203 acres near Tiruvottiyur on the periphery of the city, with ready access to Chennai City Port and Tiruvottiyur railhead.
India' most modern market of its kind, it is scientifically planned with excellent infrastructure, amenities and services-everything the trader seek for smooth conduct of business and full exploitation of growth potential.
Lay out comprises of 850 plots of which 723plots have already been allotted, besides 48 Acres of land allotted in Bulk. Major stockists are SAIL and VSP. About one acre of land has been allotted for location of Petrol Pumps for HPC and IOC.