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Seven PSU steel project segments by Jan 2007

Friday, 16 Sep 2005
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Seven steel project segments, being implemented by Steel Authority of India and Rashtriya Ispat Nigam, are likely to be completed by January 2007.

Out of these, six project segments belong to Steel Authority of India and form part of its overall modernisation and expansion drive that aims to attain steel making capacity of 20 million tpa by 2012, from the present 13 million tpa.

The following is a gist of these project segments:

Steel Plant Project Original Cost (Approval month) Anticipated Cost

Expenditure Incurred

Completion
(Rs.crore)
Rourkela, ORI Repair of Blast Furnace No.4 95.64 (May-04) 118.32 73.00 Oct-05
Rourkela, ORI Rebuilding of Coke Oven Battery No.1 112.39 (Mar-03) -- 42.00 Mar-06
Durgapur, WB Installation of Bloom Caster 271.41 (May-04) 271.41 35.00 May-06
Bhilai, CHH Upgrade of Blast Furnace No.7 107.41 (Jan-05) 170.41 0.15 Jul-06
Bokaro, JHA Rebuilding of Coke Oven Battery No.5 219.04 (Dec-04) 198.84 8.50 Jan-07
Bhilai, CHH Rebuilding of Coke Oven Battery No.5 198.84 (Dec-04) 219.04 3.00 Jan-07

The seventh project segment pertains to the Phase I of the coke oven battery No.4 project of Rashtriya Ispat Nigam. Approved in December 2003, at a estimated cost of Rs.303 crore, the project is expected to be commissioned as scheduled in December 2006. While an expenditure of nearly Rs.85 crore has already been incurred on the project, its original cost stands revised downwards to Rs.286.83 crore.

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