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JSW Steel plans to scale up Odisha capacity to 12 million tonne-The 19th China (Guangzhou ) Int’l Casting product Exhibition
10/19/2017 casting expo-Die-casting expo-foundry expo |
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Business Standard reported that JSW Steel is set to redraw its project design for the mega steel plant proposed in Odisha near Paradip. The company is now keen on 12 million tonnes per annum instead of 10 mtpa mill proposed initially. The report quoted a senior government official with direct knowledge of the matter as saying that “JSW Steel has of late evinced interest to set up a higher capacity steel plant. They have not elaborated on the reasons to go for 12 mtpa project or the technology they are going to introduce.”
Sources close to the development said: JSW Steel has initiated talks with some overseas companies for some technology collaboration for the Odisha project. The top steelmaker is likely to opt for Corex technology for its proposed Odisha steel plant.
The reconfigured project plan with the use of upgraded technology means JSW Steel would settle for a smaller patch of land for the steel mill. Even the Odisha government is not prepared to allot more than 2,700 acres of land- the same patch of land acquired earlier for the now-shelved Posco project, to JSW Steel. In its project proposal submitted to the state government, JSW Steel had asked for 4,500 acres of land for the steel project and associated facilities. It sought the same land which the state-owned Odisha Industrial Infrastructure Development Corporation (Idco) procured from betel vine growers and other farmers. JSW Steel had asked for the transfer of all land parcels at the rate of Rs four lakh per acre.
-The 19th China (Guangzhou ) Int’l
Casting product Exhibition
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