Durgapur Steel to invest Rs 28 billion for expansion

Durgapur Steel to invest Rs 28 billion for expansion

Indian steel producer Durgapur Steel Plant (DSP) is reportedly planning to invest Rupees 28 billion ($611 million) to increase its annual production capacity to 3 million tons by 2012. Currently, DSP has crude steel production capacity of 1.86 million tons. The first phase of the capacity expansion plan includes installation of a bloom caster, which has been ordered from Danieli Centro. This will be followed by the upgrade of No 1 blast furnace (BF), which will increase hot metal production. Moreover, it is stated that coal injection in No 3 BF and No 4 BF and the tar injection in No 2 BF will be completed by 2005. These will be followed by modernization of certain mills.