SAIL to invest Rs 1,000 cr to set up 3 pellet plants
State-run steelmaker SAIL will invest about Rs 1,000 crore on setting up at least three Greenfield pellet plants totalling 6 million tons to ramp up its production capacity to more than 24 million tons by the end of the 11th Plan.
By PTI |
NEW DELHI: State-run steelmaker SAIL will invest about Rs 1,000 crore on setting up at least three Greenfield pellet plants totalling 6 million tons to ramp up its production capacity to more than 24 million tons by the end of the 11th Plan.
"We are planning to invest between Rs 800-1,000 crore within the next five years to set up three to four pellet plants totalling 6 MT to meet our growing production needs," Steel Authority of India Limited (SAIL) Chairman Sushil Kumar Roongta told media.
He said the proposed plants would be set up near Dalli-Rajhara mines in Chhattisgarh, Taldih mines in Orissa and near its mines in Jharkhand. "These plants would be of 2 MT or 3 MT capacities each," Roongta said, pointing out that the pellets supplied by these plants would be used in SAIL's blast furnaces to augment steel production.
"Besides, we are aiming to ensure 100 per cent benefaction of low-grade iron ore and make them usable in our plants. SAIL will extensively use iron ore fines and increase benefaction of its existing mines," he pointed out.
He said setting up more such projects would depend on increase in capacity of steel production.
Roongta said the country's steel sector was growing at 10-12 per cent per annum and to maintain the tempo, it would have to find ways to produce steel at competitive cost. One of the ways is to extensively use pellets, which would reduce the quantity of iron ore rejects, he said.
"We are planning to invest between Rs 800-1,000 crore within the next five years to set up three to four pellet plants totalling 6 MT to meet our growing production needs," Steel Authority of India Limited (SAIL) Chairman Sushil Kumar Roongta told media.
He said the proposed plants would be set up near Dalli-Rajhara mines in Chhattisgarh, Taldih mines in Orissa and near its mines in Jharkhand. "These plants would be of 2 MT or 3 MT capacities each," Roongta said, pointing out that the pellets supplied by these plants would be used in SAIL's blast furnaces to augment steel production.
"Besides, we are aiming to ensure 100 per cent benefaction of low-grade iron ore and make them usable in our plants. SAIL will extensively use iron ore fines and increase benefaction of its existing mines," he pointed out.
He said setting up more such projects would depend on increase in capacity of steel production.
Roongta said the country's steel sector was growing at 10-12 per cent per annum and to maintain the tempo, it would have to find ways to produce steel at competitive cost. One of the ways is to extensively use pellets, which would reduce the quantity of iron ore rejects, he said.
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