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Steel Authority of
India Ltd (SAIL), a prominent public-sector entity, has finalised plans to
construct a cutting-edge steel plant in Burnpur, West Bengal, with an
investment of Rs 360 billion . This project, set near the existing IISCO Steel
plant, has received initial board approval and is currently in the vendor
selection phase, expected to conclude by end-October. The new facility,
projected to begin operations by 2029, will have a capacity of 4.08 million
tonnes (mt) and will focus on manufacturing flat products such as hot and cold
rolled coils, essential for automotive and consumer durable industries. The upcoming IISCO
plant forms a key part of SAIL’s ambitious goal to increase its overall
capacity to 35mt by 2031, necessitating an estimated total investment of Rs
1100 billion. This expansion initiative includes plans for capacity additions
across SAIL’s existing sites in Durgapur, Bokaro, Rourkela, and Bhilai, with
pre-feasibility reports already prepared for Durgapur and Bokaro. Established in 1918,
The Indian Iron & Steel Company Ltd (IISCO) has played a pivotal role in
India’s steel industry. After facing challenges in the mid-1960s, IISCO was
nationalised in 1972 and subsequently merged with SAIL in 2006. The
modernisation efforts culminated in the commissioning of a new plant at Burnpur
in 2015, underscoring its historical significance and economic impact on the
Asansol-Durgapur region. Industry experts emphasise the need for
coordinated efforts between state and central authorities to facilitate the
smooth execution of SAIL’s ambitious project, which promises to create
substantial employment opportunities and foster economic growth in West Bengal.
(Source: Telegraph India)
This partnership comes as SAIL continues to navigate market challenges, reporting a 31% decline in consolidated net profit to Rs 8.97 billion in the September quarter, attributed to lower income and..
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INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
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