The Steel Authority Of India Ltd (SAIL) will invest
Rs11,262 crore to nearly double production capacity
at its Bhilai Steel Plant (BSP) to seven million tonnes
plant has a capacity to produce 3.93-million tonnes
per year at present.
company''s board has given its in-principle approval
to the proposed modernisation and expansion, SAIL said
in a statement.
SAIL has appointed MECON as consultants for BSP''s expansion
plan. This includes installation of a new blast furnace,
new coke oven battery and a new sinter plant.
BSP would become a 100 per cent continuous casting plant
with addition of a new four-million-tonne steel melting
produces long steel products, including rails.
expansion plan envisages installation of a universal
beam mill of one million tonne capacity to produce beams
up to 1.1-metre depth. New bar and rod mill capacity
of 0.9 million tonne will be created.
To meet the growing demand from railways, a new rail
mill of 1.2 million tonne. capacity would also be installed.
board of directors of SAIL had already given in-principle
approval for expanding crude steel capacity at IISCO
to 2.5 million
tones, and of Bokaro Steel Plant to 7 million tonnes.
shares gained Rs1.75 or 1.57 per cent at Rs112.90 during
intra-day trading on the Bombay Stock Exchange (BSE).