Government update on private steel plants in Chhattisgarh

Tuesday, 06 Dec 2011

Indian union minister for Steel Mr Beni Prasad Verma has informed that details of MoUs signed between state government and private players for setting up of steel plants in the country during the last five years.

MoUs with Chhattisgarh government (Year 2006 onwards)

Sl. No.	Name of the Company	Location	Capacity	Status
1	Ind Synergy Limited (Expansion Project)	Raigarh	Sponge Iron - 0.40	Partially commissioned
2	Shree Bajranj Power and Ispat Limited (Expansion Project)	Raipur	Sponge Iron - 0.60 Blast Furnace - 0.231	Production not Started
3	SKS Ispat Limited (Expansion Project)	Raipur	Sponge Iron - 0.33 Mini Blast Furnace - 0.5	Production not Started
4	Raipur Alloys and Steel Limited (Expansion Project)	Raipur	Sponge Iron - 0.50 Steel - 0.24	Production not Started
5	Shree Bajrang Metallics and Power Limited (Expansion Project)	Raipur	Pig Iron - 0.060	Production not Started
6	Rajesh Strips Limited (Expansion Project)	Raipur	Steel Melting Shop - 0.30	Production not Started
7	Jindal Steel and Power Ltd	Raigarh	Blast Furnace - 0.32	Production not Started
8	Bhushan Power and Steel Ltd.	Rajnandgaon	Integrated Steel Making Facility - 1.2	Production not Started
9	Monnet Ispat and Energy Ltd	Naharpalli, Raigarh	Blast Furnace - 1.0 Sponge Iron for captive use - 0.40	Production not Started
10	Vandana Ispat Limited	Borai, Durg, Anjora, Rajnandgaon	Integrated Steel Plant - 0.83, Steel Melting Shop - 0.75	Production not Started
11	Topworth Steel Pvt. Ltd	Borai, Durg	Blast Furnace - 0.50	Production not Started
12	MSP Steel and Power Limited	Raigarh	Pig Iron - 0.40, Sponge Iron for captive use - 0.3	Production not Started
13	Salasar Sponge and Power Ltd	Raigarh	Steel Plant - 0.10	Production not Started
14	Prakash Industries Ltd	Champa, Janjgir, Champa	Steel Plant - 1.2	Production not Started
15	Singhal Enterprises	Raigarh	Sponge Iron - 0.2, Steel - 0.3	Production not Started
16	Anjani Steel Private Limited	Raigarh	Integrated Steel Plant- 0.25	Production not Started
17	H.E.G. Limited	Durg	Sponge Iron - 0.35	Production not Started
18	Mangal Sponge & Steel Limited	Bilaspur	Sponge Iron - 0.12	Production not Started
19	S.K. Sarawagi and Company Pvt Ltd.	Bilaspur	Sponge Iron - 0.21, Steel - 0.15	Production not Started
20	Aarti Sponge and Power Pvt. Ltd.	-	Sponge Iron - 0.105, Steel Melting Shop - 0.09	Production not Started
21	API Ispat and Powertech Pvt. Ltd.	-	Sponge Iron - 0.525	Production not Started
22	Jai Balaji Industries Ltd.	-	DRI Plant - 0.6, Steel Melt Shop - 1.0	Production not Started
23	Baldev Alloys Pvt. Ltd	-	Sponge Iron - 0.54, SMS Plant - 0.2	Production not Started
24	Crest Steel and Power Pvt. Ltd	-	Sponge Iron - 0.75, Steel Melting Shop - 0.5, EAF - 0.32	Production not Started
25	Godawari Power and Ispat Ltd.	-	DRI - 0.6, Steel Billet - 0.6	Production not Started
26	Jindal Steel and Power Ltd	Gram Saraipali, Kosampali, Dhanagar, Raigarh	DRI - 5.1	Production not Started
27	Khetan Sponge and Infrastructure Pvt. Ltd	-	Sponge iron - 0.09, Induction Furnace - 0.06	Production not Started
28	Nalwa Steel and Power Ltd	Gram Taraimal, Raigarh	DRI (coal based) -0.33, Steel Melting Shop - 0.336,DRI (gas based)-2.0	Production not Started
29	Jaysawal Necco Industries Ltd.	-	Sponge Iron - 0.6, Steel Billet - 0.7	Production not Started
30	Nova Iron and Steel Ltd	Bilaspur	Sponge Iron - 0.6	Production not Started
31	Raipur Power and Steel Ltd	-	Sponge Iron 0.135, Induction Furnace - 0.09	Production not Started
32	Rashmi Ispat Pvt. Ltd.	-	Sponge Iron - 0.315, Steel Melting Shop - 0.21	Production not Started
33	Real Ispat and Power Ltd	-	Sponge Iron - 0.30	Production not Started
34	RL Steel and Energy Ltd.	-	Sponge Iron - 0.4	Production not Started
35	Satya Power and Ispat Pvt. Ltd.	-	Sponge Iron - 0.24	Production not Started
36	Shri Shyam Sponge and Power Ltd	-	Sponge Iron - 0.135	Production not Started
37	SKS Ispat and Power Ltd.	-	Sponge iron - 1.2, Blast furnace - 0.27	Production not Started
38	Surya Global Steel and Jenpower Ltd.	-	DRI - 1.4, Blast furnace with PCM- 0.6	Production not Started
39	Visa Steel Limited	-	Blast furnace with sinter - 1.5, Sponge iron - 1.0	Production not Started
40	NMDC Limited	-	Integrated Steel Plant - 3.00	Production not Started
41	K. Energy Limited	-	Sponge iron - 0.21, Induction furnace - 0.192	Production not Started
42	Prakash Industries Limited	-	Blast furnace - 1.15, Sponge iron - 1.6, Steel Melting shop - 2.0	Production not Started
43	Singhal Steel Pvt. Ltd.	-	Blast furnace - 0.3, Sponge iron - 0.2, Induction furnace - 0.3,EAF - 0.3	Production not Started
44	MSP Steel and Power Ltd.	-	Sponge iron - 0.9, Blast furnace - 0.7, Steel melting shop - 1.5	Production not Started
45	Mahendra Sponge and Power Pvt. Ltd.	-	Sponge iron - 0.27, Steel Billet - 0.15	Production not Started
46	Hind Energy and Coal Beneficiation (India) Pvt. Ltd.	-	Sponge iron - 0.405, Steel melting shop - 0.216	Production not Started
47	Sky Aloys and Power Pvt. Ltd.	-	Induction Furnace - 0.1	Production not Started
48	Godwari Power and Ispat Limited	-	Steel Melting Shop - 0.2	Production not Started
49	Rashi Strips Private Limited	-	DRI plant with gasification - 1.0, Steel Melting Shop - 0.9	Production not Started

(Capacity in million tonne)

Indian steel minister Mr Verma to visit Russia to attend NMDC Severstal MoU signing ceremony

Sunday, 06 Nov 2011

The Pioneer reported that Indian steel minister Mr Beni Prasad Verma is scheduled to embark on his trip to Russia from November 9 till November 12.

Mr Verma told The Pioneer that he would be going to Russia as scheduled on November 9.

The Minister will attend the MoU signing ceremony between State run iron ore miner NMDC and Russia's Severstal.

(sourced Dailypioneer)

SAIL, Posco bury hatchet ahead of steel minister's visit to Seoul

3 Nov, 2011 |ET Bureau

NEW DELHI: Steel Authority of India (SAIL) and Korea's Posco have largely settled their differences over the proposed 3 million tonne plant the two companies plan to build at Bokaro, ahead of a visit to Seoul by Union steel minister Beni Prasad Verma on November 6.

The differences were related to pricing of a key raw material and on the quantum of equity stakes for the two partners, said a person familiar with the negotiations. A team from Seoul has been working on details of the proposed agreement with SAIL over the last few days. They may, however, not have it ready before the minister's trip since any strategic alliance will have to be cleared by SAIL's board of committee.

The Korean steelmaker that will bring the patented non-coking coal steelmaking technology FINEX to the joint venture has agreed to SAIL's offer of iron ore fines at a 10% discount, said the person cited earlier. Posco had earlier wanted a 20% discount to market prices.

SAIL on its part has conceded to Posco's insistence on a majority equity stake. Posco had maintained that the Korean government which had funded the development of FINEX, would not okay a joint-venture involving the critical technology in which Posco had less than 51% stake. "Future joint ventures with SAIL could be on an equal partnership basis," said the person who is also involved in the discussions.

The two companies are still trying to sort out differences on whether SAIL could retain a first right of refusal for any future agreements with the Korean steelmaker. SAIL will be the first company to try out the FINEX technology outside of South Korea. According to sources, while Posco had offered to keep SAIL informed in such a situation, it didn't offer a first right to refusal. Posco's 12 million tonne plant in Gopalpur, Orissa will also use the FINEX technology.

(sourced EconomicTimes)

Indian Iron ore export policy, iron ore of Fe content upto 64% is freely allowed

Update on export of iron ore

Thursday, 01 Sep 2011

Mr Beni Prasad Verma minister of steel has said that as per the present export policy of government of India, export of all iron ore of Fe content upto 64% is freely allowed.

In a written reply in the Lok Sabha today he said that ministry of steel has not received any complaint regarding difference between the quantity of the iron ore that was exported and the quantity for which mines department of the state government had granted permission.

Update on iron ore mining in Kudremukh National Park

Friday, 19 Aug 2011

Mr Beni Prasad Verma minister of steel has said that the government have no proposal so far, to reopen the iron ore mine in the area of Kudremukh National Park. However, a part of the loose secondary weathered ore lying in the already broken up area, is posing environmental and ecological threat to the surroundings, particularly to river Bhadra.

To protect from the possible ecological damage, the government has filed an IA No. 3087/2011 before the Hon’ble Supreme Court for allowing Kudremukh Iron Ore Cooperation Ltd for removing approximately 20 million tonnes of loose secondary weathered ore without any drill or blasting.

In a written reply in the Rajya Sabha he said that KIOCL Ltd. is not in the possession of any forest land falling in the Kudremukh National Park. Even the part of forest land which was under lease for mining to KIOCL Ltd has been handed over to Forest Department of government of Karnataka in compliance with the order of Hon’ble Supreme Court. Subsequently, government of Karnataka had included an area of 3703.55 ha of forest land into the Kudremukh National Park vide its Gazette Notification dated January 9th 2007

Japanese tsunami to affect SAIL plant - Government

Monday, 14 Mar 2011 By ET

India’s union minister of state for steel Mr Beni Prasad Varma said that tsunami in Japan would also affect country's first gas based steel plant being set up by Steel Authority of India in Jagdishpur.

Mr Verma said that "Work on the plant will start after sometime as it is to be set up with the cooperation of Kobo Steel of Japan, which has been hit by tsunami"

Mr Varma told reporters that application has been moved for gas supply to the plant and a letter would be send to the Prime Minister requesting to expedite the process.

He said that "The plant is being set up with a cost of INR 5,000 crore and the work will be completed in three years.”

The minister said that modern steel, which is as of now being imported, would be manufactured at the plant. He said that the plant would provide employment to 4,000 youths and priority would be given to local residents, whose land has been acquired for the project.