Thursday, March 19, 2015

SAIL undertakes modernisation plan in five units

GOVERNMENT-owned steel major Steel Authority of India Limited (SAIL) has begun modernisation and expansion works at five of its steel plants to augment its crude steel production capacity to 21.4 MTPA.
This will cost the Maharatna PSU around Rs 61,870 crore.
These steel plants include...
Bhilai, Bokaro, Rourkela, Durgapur and Burnpur and a special steel plant at Salem, minister of state for steel and mines Vishnu Deo Sai said in a written reply to Rajya Sabha on March 18.
"Steel Authority of India Ltd (SAIL) has undertaken modernisation and expansion of its five integrated steel plants to enhance its crude steel production capacity from 12.8 MTPA to 21.4 MTPA in the current phase," the minister said.
He added a provision of Rs 10,264 crore has been made towards investment in existing mines and development of Rowghat mine.
The expansion project at Salem steel plant has been completed and all facilities under the integrated process route at Rourkela and IISCO steel plants are in operation, stabilisation and ramp-up, he said.
Deo further said RINL has undertaken modernisation and expansion plan at an estimated cost of about Rs 14,701 crore. Units under stage-1 expansion have been commissioned and are in regular operation.
In a separate reply, he said SAIL will invest about Rs 4,749 crore to augment its production capacity of the iron ore mines of Gua in West Singhbhum district of Jharkhand.
"This includes an outlay of about Rs 2,743 crore to set up state-of the-art crushing, benefication and pelletisation plant facilities," he said.
After expansion, the capacity of Gua mines will increase to 10 million tonnes per annum (MTPA) which includes 6 MTPA of iron ore lumps and fines and 4 MTPA of pellets, the minister said.
SAIL is the country's largest and the world's 15th largest steel producer with a production of 12 million tonnes of crude steel. The company owns and operates nine manufacturing plants, including two subsidiaries.

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