Jindal Steel & Power (JSPL) will invest Rs 24,000 crore in two phases to increase the capacity of its Raigarh Steel Plant in Chhattisgarh by seven million tpa (tonne per annum). The Chhattisgarh steel plant has an existing capacity of three million tonne.

Raigarh Steel Plant expansion is part of Jindal Steel’s ambitious growth plan to have 20 million tpa steel making capacity by 2020.

Jindal Steel & Power (JSPL) intends to expand the Chhattisgarh steel plant capacity by four million tpa in Phase-I with an investment of Rs 15,000 crore and in Phase-II Jindal plans to expand the capacity by three million tpa with an investment of Rs 9,000 crore. Phase-I is expected to be completed within three years after the commencement of work.

Jindal Steel & Power Orissa plant is facing delays because of non-availability of coal and iron ore linkages. The first phase of the steel mill with a capacity of two million tpa was to be commissioned in March 2013. However, it now seems to be highly unlikely. The entire integrated steel plant with a full capacity of six million tpa was to be completed by 2015 as per the original schedule.

JSPL will also be utilising about Rs 9,000 crore on its greenfield steel project, having 3 million tpa capacity, proposed to be located in Patratu, Jharkhand.

India is ranked world's fourth largest in crude steel capacity and is expected to become the second largest producer of crude steel by 2015-16.

According to World Steel Association, India’s production grew constantly in the last five years from 57.8 million tonne in 2008 to 63.5 million tonne in 2009, 68.3 million tonne in 2010, 72.2 million tonne in 2011 and 77.6 million tonne in 2012 (cumulative production January-December).

India’s steel production capacity is estimated to exceed 100 million tonne in 2013 and the production is expected to reach 275 million tonne by 2020.

Manufacturing Sector Developments

• SunCoke Energy, VISA Steel has formally launched coke making JV company, Visa SunCoke, in India.
• Spectrum Foods is setting up a project of salt refinery of capacity 1 Lakh TPA & spices along with a Wind Turbine of 2 MW.

Power Sector Developments

• Alstom has secured a contract from BHEL, to supply components for three units of 660 MW supercritical boilers of Nabinagar Power Generating Company (NPGCL), a JV company of NTPC and Bihar State Power Holding Company (earlier BSEB), located in Nabinagar, Bihar, India.
• Gujarat Mineral Development Corporation (GMDC) has invited bids for consulting engineering service for lignite based thermal power at Kachchh district of the state.

Infrastructures Sector Developments

• Sadbhav Engineering secured a contract for widening Rohtak to Hissar section of NH-10 in Haryana, to be executed as BOT (Toll) project on DBFOT pattern under NHDP Phase III.
• Sadbhav Engineering secured a contract for two laning of Karaikudi-Ramanathapuram in Tamil Nadu to be executed as DBFOT (Annuity) basis under NHDP Phase-lll.
• Sadbhav Engineering — Vaishnoyj Constructions Joint Venture has secured a contract worth Rs 245.61 crore from the Executive Engineer, Narmada Development Halon Division, Bichhiya Distt. Mandla (Madhya Pradesh) for Halon irrigation project on turnkey basis.
• Krishna Bhagya Jala Nigam (KBJNL) has invited bids for construction of east canal in four packages under Chimmalagi Lift Irrigation Scheme in Karnataka.
• L&T Construction has secured contracts valued over Rs 2,080 crore across various business segments in February and March 2013.
• Krishna Bhagya Jala Nigam (KBJNL) has invited bids for construction of lift irrigation system for Herkal (South) in Bagalkot district of Karnataka on turnkey basis.
• Water Resources Department (WRD), Madhya Pradesh has invited bids for Irrigation project at Bhopal and Singna division of the state on turnkey basis.
• IL&FS Engineering and Construction Company received Letter of Award (LoA) from Cairn India for EPC contract in Rajasthan.
• IL&FS Transportation Networks has secured contract for four laning of Khed –Sinnar project section of NH-50 on DBFOT basis.
• Central Public Works Department (CPWD) has re-invited bids for construction of a runway at Hindan, in Ghaziabad district of Uttar Pradesh. Last date for submission is 03 April 2013.
• Rail Vikas Nigam (RVNL) has invited bids for construction of package-III at Gudivada-Nidadavole rail on Vijayawada division in Andhra Pradesh.

FDI Developments

• The Foreign Investment Promotion Board (FIPB) has approved 12 proposals of foreign direct investment (FDI) amounting to Rs 2,609.27 crore. The biggest proposal cleared was Ahmedabad-based Claris Otsuka Ltd’s worth Rs 1,050 crore.

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