SAIL’s Bhilai plant to be invested Rs 12 billion
According to statement released by Indian Steel Ministry, Rupees 12 billion (approx $261 million) will be invested to Steel Authority of
India Ltd's (
SAIL) plant Bhilai Steel Plant (BSP).
Total investment to all
SAIL's plants will amount Rupees 100 billion (approx $2.1 billion).
The investment regarding BSP will be materialized in two phases and the annual
production capacity of the plant will be increased to 7 million tons.
As previously reported by SteelOrbis, BSP was closed temporarily in April due to shortage of
coking coal. Ministry also stated that
coking coal shortage will not stand as a problem for BSP as coal mines have been purchased in
New Zealand and
Australia.