SAIL to invest Rs.300 crore in eight projects

By Our Corporate Bureau | 29 Jun 2005

New Delhi: The Steel Authority of India Ltd (SAIL) has approved the implementation of eight projects at an investment of around Rs300 crore.

Out of these projects, three have been cleared for Bokaro Steel Plant (BSL), two for Rourkela Steel Plant (RSP) and one each for Bhilai Steel Plant (BSP), Durgapur Steel Plant (DSP) and Visvesvaraya Iron & Steel Plant (VISL), according to a company release.

The projects sanctioned on Tuesday are in addition to the capital schemes valued at over Rs3,000 crore, which are under various stages of implementation.

One of the projects is the modification of the Mae West block system at BSL's hot strip mill. The project is likely to improve the consistency in the quality of BSL's hot rolled products. The project is scheduled for completion in two phases by 2007-08 at a cost of Rs92 crore.

Another project at BSL is the installation of a hydrochloric acid regeneration plant for the pickling line II at an investment of around Rs50 crore. The project on completion will improve the pickling process that involves the removal of oxide layers from the surface of colled rolled coils.

The other projects include the installation of power supply facilities for setting up a new oxygen plant at Bokaro on a build-own-operate (BOO) basis. Simultaneously, VISL was given a final nod for setting up a cryogenic air separation unit also on a BOO basis.