Vedanta to erect 4.5 MT new steel unit at Bokaro
Vedanta Star Limited, a subsidiary of Vedanta, has planned to come up with another big new steel unit in Jharkhand. Under the brownfield project a 4.5 MT steel unit is proposed to come up at Bokaro, officials informed.
The Chairman of Vedanta Resonance Anil Agarwal recently announced that with an estimated investment of 3-4 billion USD the new unit will come up on the recently acquired land of Electro Steel Limited (ESL) at Bokaro. “We have about 2,200 acres of acquired land at Bokaro and get full support from the State government”.
Notably, Vedanta took the full control of debt-ridden Electrosteel Plant (ESL) at Siyaljori in Bokaro in June this year. Presently this unit is 1.5 million tonnes steel plant, designed and built by the Chinese steel major Laiwu Steel Group Limited (LSGL) based on Blast Furnace (BF)-Basic Oxygen Furnace (BOF)-Billet Caster and Hot Rolling Route and will produce 1.2 MTPA of long steel products, comprising 0.5 MTPA of 5.5-12.0 mm diameter wire rods in coil form and 0.7 MTPA of reinforcement bars in straight lengths and bundled in the range of 8-32 mm and plain rounds up to 60 mm diameter.