SAIL plans to reopen Kulti Works
Steel Authority of India wants to reopen Kulti Works, which was closed down in 2003.
By PTI |
KOLKATA: After deciding to modernise IISCO steel plant at a cost of Rs 10,000 crore, Steel Authority of India Ltd (SAIL) on Tuesday said it wants to reopen Kulti Works, which was closed down in 2003.
"We are planning to reopen the Kulti works," SAIL Chairman S K Roongta told newsmen after a meeting with Chief Minister Buddhadeb Bhattacharjee.
He was accompanied by ISP Managing Director Nilotpal Roy and Durgapur Steel Plant Managing Director Shyamsunder.
Kulti Works was set up in 1870 and became a part of erstwhile Indian Iron and Steel Company in 1936. SAIL had closed down the inviable unit in April 2003.
Steel Minister Ram Vilas Paswan had also promised to look into the matter. Roongta said as part of mega expansion plan, SAIL would invest Rs 17,000 crore in its three plants in West Bengal including IISCO Steel Plant (ISP). Roongta said the chief minister assured him of cooperation for the modernisation of works.
He also said that there would not be any problem for land for ISP's expansion since the bulk of land was with SAIL.
He said Rs 6,500 crore would be spent to modernise and expand the capacity of Durgapur steel plant.
Under the revamp plan, the plant's capacity would be increased to 3.5 million tonne from 2.06 million tonne. The wheel and axle unit would be modernised.
DSP, which at present produced almost 50 per cent semi finished products, would produce 100 per cent finished products which would increase the plant's profitability.
The company, he said, would invest Rs 500 crore for the modernisation of the alloy steel plant.
"We are planning to reopen the Kulti works," SAIL Chairman S K Roongta told newsmen after a meeting with Chief Minister Buddhadeb Bhattacharjee.
He was accompanied by ISP Managing Director Nilotpal Roy and Durgapur Steel Plant Managing Director Shyamsunder.
Kulti Works was set up in 1870 and became a part of erstwhile Indian Iron and Steel Company in 1936. SAIL had closed down the inviable unit in April 2003.
Steel Minister Ram Vilas Paswan had also promised to look into the matter. Roongta said as part of mega expansion plan, SAIL would invest Rs 17,000 crore in its three plants in West Bengal including IISCO Steel Plant (ISP). Roongta said the chief minister assured him of cooperation for the modernisation of works.
He also said that there would not be any problem for land for ISP's expansion since the bulk of land was with SAIL.
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He said Rs 6,500 crore would be spent to modernise and expand the capacity of Durgapur steel plant.
Under the revamp plan, the plant's capacity would be increased to 3.5 million tonne from 2.06 million tonne. The wheel and axle unit would be modernised.
DSP, which at present produced almost 50 per cent semi finished products, would produce 100 per cent finished products which would increase the plant's profitability.
The company, he said, would invest Rs 500 crore for the modernisation of the alloy steel plant.
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