JSPL to Add 3 Mt of New Steel Capacity in 2013

This includes commissioning of the first unit of its upcoming steel mill in Odisha's Angul with a capacity of 2 Mt/a, company's Deputy Managing Director & CEO for Steel Business V. R. Sharma told reporters. The Odisha steel plant has a envisaged steel production capacity of 6 Mt/a in the first phase, with an estimated investment of INR 300000 million. Besides this, another 1 Mt/a new steel unit will be added to company's existing 3 Mt/a capacity in Chhattisgarh's Raigarh by the end of 2013–14. "By 2015, our target is to have a total steel making capacity of 15 Mt/a, that includes increasing the Shadeed plant at Oman to 2 Mt/a. All the plants are under construction and the new units will get commissioned from the next financial year onwards", Sharma added. Moreover, the company's another green field steel mill at Jharkhand's Patratu, having 3 Mt/a capacity, is expected to be commissioned in 2013–14. The Indian steel companies' expansion drive is now getting matured as many new units have been commissioned in last 5–6 months, while several more will be added. The list includes the names of JSW and Essar Steel expanding their capacities to 10 Mt/a each, while state-owned SAIL will have a total steel making capacity of 19 Mt/a by 2013. Moreover, several new units, including that of NMDC's 3 Mt/a capacity at Chhattisgarh will come up in 2014–15 (1/2012).