Government-owned Steel Authority of India ltd. (SAIL) reveal plans to invest over Rs. 10,300 cores (USD 2.2 billion) in 2 integrated steel plants in
West Bengal
for modernization and capacity expansion with recently-merged IISCO getting the most.
IISCO’s capacity will be increased to 2.5 million tons (mt) from the current 0.5 mt in four to five years in line with SAIL’s corporate plan to raise overall capacity to 22.5 mt by 2011-12 from the existing 13 mt. Part of this expansion in capacity includes a 4,600 cubic meter blast furnace, the biggest ever for SAIL, and a new universal section mill of .6 mt capacity.
