Financial Daily from THE HINDU group of publications
Thursday, Mar 10, 2005
Financial Daily from THE HINDU group of publications Thursday, Mar 10, 2005 |
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Corporate
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Outlook SAIL lines up Rs 4,500 cr to spruce up Rourkela plant Kohinoor Mandal
Kolkata , March 9 AS part of its corporate plan, Steel Authority of India Ltd has planned investments of Rs 4,500 crore over the next seven years to spruce up operations at the Rourkela Steel Plant (RSP). Several projects have been identified and construction has begun on a number of these. SAIL aims at increasing RSP's annual hot metal production from 1.9 million tonnes per annum (mtpa) to 3 mtpa. Subsequently, the crude steel production will increase to 2.9 mtpa and finished steel production to 2.8 mtpa. The focus of the expansion programme is to improve the hot metal production facility of RSP. At present, RSP has four blast furnaces. These are old and so its cost of hot metal production is high by industry standards. To reduce this cost, RSP is revamping its fourth blast furnace at a cost of Rs 120 crore. According to Dr Sanak Mishra, Managing Director, RSP, the plant may revamp its first blast furnace too, and then build a new one. Once these blast furnaces are ready, the second and third blast furnaces may be scrapped. "The proposed fifth blast furnace would be 2,000 cu. m in size with a 1.4 million tonnes per annum capacity. The cost of setting up this blast furnace would be approximately Rs 1,500 crore," Dr Mishra told Business Line recently in Rourkela. The plant is already revamping its first coke oven battery at a cost of Rs 120 crore. It would be modernising its ERW pipe plant at a cost of Rs 80 crore. The slag granulation unit along with the first blast furnace is being revamped for Rs 14 crore. RSP has planned a new sinter plant, a new plate mill and a new silicon steel mill. It would be rebuilding the coke oven battery for the fourth blast furnace and revamping the galvanizing unit, the cold rolling mill and the tinplate line. An additional slab caster is also planned. "It is a total modernisation project. It has not been broken down into phases. Work has started in 2004-05 and is likely to be over by 2011-12," Dr Mishra said.
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