RINL to reach capacity of 6.8 million mt by 2010

Monday, 27 August 2007 14:53:41 (GMT+3)   |  
Rashtriya Ispat Nigam Ltd. (RINL), Visakhapatnam Steel Plant plans to enhance its annual production capacity from its current operation level of 3.6 million tons to 6.3 million tons of liquid steel by March 2010 through the Phase-I expansion process which it has already commenced. The total cost of this expansion phase is $21.2 million.

Meanwhile, the liquid steel capacity of the plant's existing production facilities is also envisaged to be increased by 500.000 tons tons by March 2010 through a medium-term plan scheme involving Addition, Modification and Replacement (AMR) schemes and non-AMR schemes at a cost of about $1.22 million. After the completion of the Phase-1 expansion and the medium-term plan scheme, the total capacity of the plant will be increased to 6.8 million tones of liquid steel per annum by 2010.

The plant's iron ore requirement up to 6.3 million tons has almost completely been tied up with M/s National Mineral Development Corporation.

In addition, RINL has also applied for a mining lease for iron reserves in the states of Orissa, Chhatisgarh and Andhra Pradesh; however, no iron ore reserve has been allocated to the company yet.


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