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Bhushan Steel setting up plant in Bengal

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Total investments pegged at Rs 8,800 cr

LURING INVESTMENTS: The Chief Minister of West Bengal, Mr Buddhadeb Bhattacharjee, with Mr Brij Bhusan Singal, Chairman, and Mr Neeraj Singal, Managing Director, Bhushan Steel after signing the MoU at Writers Building in Kolkata on Friday. - A. Roy Chowdhury
LURING INVESTMENTS: The Chief Minister of West Bengal, Mr Buddhadeb Bhattacharjee, with Mr Brij Bhusan Singal, Chairman, and Mr Neeraj Singal, Managing Director, Bhushan Steel after signing the MoU at Writers Building in Kolkata on Friday. - A. Roy Chowdhury

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KolkataMay 11Bhushan Steel Ltd will set up a two million tonnes per annum (mtpa) capacity integrated steel plant with a captive power plant in Burdwan district of West Bengal. A 0.5 mtpa capacity cold rolled and galvanizing plant for automobile grade steel will also be set up.

An agreement to this effect was jointly signed here on Friday by Bhushan Steel, the Government of West Bengal and the West Bengal Industrial Development Corporation Ltd.

The total investment in the projects on the anvil has been pegged at Rs 8,800 crore. The projects will provide gainful engagement direct and indirect to around 3,000 people.

While the proposed steel and power plant will come up in Burdwan district, the cold rolled and galvanizing plant will be set up in North 24 Parganas district. The setting up of the steel plant will require 2,500 acres of land, which will be identified jointly by the State Government and Bhushan Steel. An additional 90 acres of land will be required for the cold rolled and galvanizing plant.

After the signing ceremony, Mr Buddhadeb Bhattacharjee, Chief Minister of West Bengal, and senior company officials, briefed newspersons at Writers' Buildings on the project details.

(This article was published in the Business Line print edition dated May 12, 2007)
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