The Hindu Business Line : Alloy Steel Plant plans Rs 460-cr upgrade

Alloy Steel Plant (ASP) belonging to Steel Authority of India Ltd (SAIL) is all set to spend Rs 460 crore for upgrading its existing units and installing some new units with appropriate interfacing with the existing ones.

In the first phase, modernisation of the steel melting and refining facilities at Rs 54 crore through installation of AOD (Argon Oxygen Decarburisation) unit and a new electric arc furnace is already under way and expected to be commissioned by next year.

According to a press release from ASP, after the completion of the first phase, the plant has plans to upgradeits forge shop. "Major investments for the blooming and billet mill by installing a walking beam furnace are also considered," the release stated.

A new bloom caster of 2 lakh tonnes per annum capacity is on the cards too. The caster will have facilities for casting round blooms too.Similarly, conditioning shop, heat treatment and finishing shop, power distribution system, utilities and other areas will also see investment in upgrading the facilities to make them state-of-the-art.

The addition of these will increase ASP's capacity of producing liquid steel to 5 lakh tonnes from the existing level of 1.64 lakh tonnes. Production of stainless steel slabs will also be enhanced to 2 lakh tonnes and the long products comprising blooms, rounds, billets, forgings and others will be to the tune of 3 lakh tonnes.

"The major highlight of the upgradation programme will be the greater synergy between ASP and Salem Steel Plant (SSP), as the stainless steel slabs willbe sent to SSP for finishing into both hot and cold rolled coils," the release stated.

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