Odisha Sun Times Bureau
Bhubaneswar, Nov 18:
SAIL has planned a massive capacity expansion of the Rourkela Steel Plant (RSP) from its current capacity of 4.5 MTPA to 10 MTPA by 2025-26, SAIL chairman C S Verma said here on Monday.
Speaking to reporters here after attending the review meeting by Union Steel Secretary Rakesh Singh, Vverma said an investment of Rs 30,000 crore to Rs 35,000 crore will be made for the purpose, Verma said.
“We have sought the support of the Odisha government for the expansion plan at today’s meeting as we would require iron ore to carry it out,” the SAIL chairman said.
The public sector steel behemoth, which has two major iron ore reserve clusters at Balani and Barsuan, has sought more raw material linkage for its proposed expansion. Verma said the company is currently working out its ore requirement for RSP expansion and hoped that the state government will be supportive and provide the required amount of raw material.
Verma said the Maharatna PSU has already undertaken expansion of its 2 MTPA steel plant at Rourkela to 4.5 MTPA by investing Rs 12,000 crore adding that it plans to further expand the capacity of RSP, which has the biggest blast furnace in the country with a capacity of 460 cubic meters.
The state government’s Steel and Mines department on the other hand has estimated that iron ore mines with SAIL have the total reserve of 512 metric tonnes (MT) against its requirement of 480 MT over 30 years after expansion of RSP’s capacity to 10 MTPA.
The SAIL chairman told reporters that the company was keen to acquire Nilachal Ispat Nigam Limited (NINL) at Kalinganagar in Jajpur district. But the major stake lied with the MMTC, which is under the Commerce ministry. He said if adequate stake is given to SAIL, it would run it.