Sunday, 11 Sep 2011
Mr CS Verma chairman of Steel Authority of India Ltd on Saturday reiterated his commitment to invest over INR 20,000 crore in West Bengal.
The investment plans include ongoing modernization and expansion programs at the Indian Iron and Steel Company plant in Burnpur, Durgapur Steel Plant and Alloy Steel Plant.
Mr Verma after his meeting with the state chief minister, Ms Mamata Banerjee told reporters that “IISCO's modernization with latest state of the art technology is in the advanced stage of implementation.”
The 2.5 million tonne plant of SAIL at Burnpur at an estimated cost of INR 16,000 crore is expected to be complete by June 2012.
The company has earmarked a sum of INR 3,000 crore to be invested in Durgapur Steel Plant and INR 1,000 crore for Alloy Steel Plant.
According to Mr Verma, SAIL's proposed wagon making factory at Kulti in South 24 Parganas, is coming up at an investment of INR 200 crore.
(Sourced from BL)
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