Bhushan Steel to invest Rs 8,800 cr for steel
Steel manufacturer Bhushan Steel Ltd (BSL) has lined up an outlay of Rs 8,800 crore to set up an integrated steel plant, a 1,000 MW captive power unit and a cold rolled and galvanising plant in West Bengal.
By PTI |
KOLKATA: Steel manufacturer Bhushan Steel Ltd (BSL) has lined up an outlay of Rs 8,800 crore to set up an integrated steel plant, a 1,000 MW captive power unit and a cold rolled and galvanising plant in West Bengal.
An agreement to this effect was signed by BSL with the state government here in the presence of Chief Minister Buddhadeb Bhattacharjee and Industry Minister Nirupam Sen.
Industry Secretary Sabyasachi Sen and Bhushan Steel Managing Director Neeraj Singal signed the agreement.
Briefing the reporters about the project, Nirupam said that the integrated steel plant with two million tonne capacity and the captive power plant would come up at Salanpur in Burdwan district. It would cost Rs 8,000 crore.
The cold rolled mill with a capacity of 0.5 million tonne and galvanising unit would be set up in North 24 Paragans district for Rs 800 crore. However, the exact location has not yet been identified.
The integrated steel plant and power unit would require 2,500 acres, while the cold rolled and galvanising unit would need another 90 acres, Sen said.
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