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JSW Steel to begin site work for integrated steel project by February

Sunday, 13 Jan 2008
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JSW Bengal Steel is likely to begin the site work for the 10 million tpa integrated steel project at Kharagpur in Midnapore district of West Bengal by early February 2008.

The  proposed Rs.35,000 crore integrated steel plant project is expected to achieve financial closure by April 2008. The company was on the verge of completing land acquisition for the project, with a mere 10-15 acres of private land still to be acquired. The total land requirement is around 5,000 acres, of which 90 per cent is vested with the state government. The project recently got clearance from the Ministry of Environment & Forest.

Phase I of the project, with a capacity of three million tpa, will entail an investment of Rs.10,000 crore and expected to be operational by March 2011 and Phase II of the project, with six million tpa capacity, is scheduled for completion by June 2011.

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