The Hindu : Business : SAIL board approves two projects

Online edition of India's National Newspaper
Friday, Mar 11, 2005

Business

Business

SAIL board approves two projects

By Our Special Correspondent

NEW DELHI, MARCH 10. The board of Steel Authority of India Limited (SAIL) today gave its `in-principle' approval for two projects — revamp of the second sinter plant at Bhilai and installation of turbo compressors in the oxygen plant at Bokaro — at a total estimated cost of over Rs. 180 crores.

With this approval, the total planned investment in various projects so far approved by the board, both in-principle and final, during the current fiscal stands at over Rs. 2,500 crores.

Meanwhile, SAIL's corporate plan aimed at enhancing its hot metal production from the existing 13 million tonnes to 20 million tonnes annually by 2011-12 at a total estimated investment of Rs. 25,000 crores.

The revamping of the sinter unit (Plant No. 2) will not only enable the Bhilai steel plant to increase its annual production of sinter from the current 2.5 million tonnes to 3.1 million tonnes but also help improve the sinter quality as well. This, according to SAIL, will result in an additional production of about 77,000 tonnes of pig iron from the three sinter-making units at the Bhilai steel complex. The increased sinter burden is also expected to enhance the productivity of blast furnaces, effecting a substantial reduction in the cost of sinter production and coke rate.

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