The Hindu Business Line : Shyam Sel biomass power unit goes on stream

According to Mr B. Bhushan, Vice-Chairman and Managing Director of the Shyam Group, using rice husk as the principal raw material, the plant would recycle the waste heat from the kiln of its sponge iron factory to generate power. The Shyam Sel unit at Burdwan produces sponge iron and MS billets.

Mr Bhushan said the power generated from the captive unit would more or less take care of the power requirements for running the furnaces to produce finished products. “We will strive to generate as much power as possible, and any excess will be sold to the West Bengal State Electricity Board, with whom we have entered into an agreement,” he said.

The captive power plant, built with a capital cost of Rs 35 crore on a six-acre plot (a part of the 25-acre plot in which the factory is located) is expected to provide jobs, both direct and indirect, to more than 200 people. Mr Bhushan said the best technologies have been used to ensure absolute minimum pollution.

Shyam Sel has also recently signed an MoU with West Bengal Industrial Development Corporation (WBIDC) to implement an integrated steel and power complex of 1.1 million tpa of finished steel, and a 1000 MW captive power plant at Jamuria near Asansol in the Burdwan district.

He said the first phase, entailing a total investment of around Rs 9,900 crore, was expected to commence by end 2008. “Once operational, the plant will generate employment opportunities for more than 4,000 families,” he added.

CSR initiatives

On the proposed CSR (corporate social responsibility) initiatives, he said peripheral development by way of improvements to local physical infrastructure (like roads, water, medical facilities etc) would be taken up in the surrounding villages of the plant area. A technical institute has also been planned in the vicinity of the plant to impart training and technical know-how to the local population.

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