It is reported that JSW Steel has received the Karnataka government's nod to increase capacity at its Vijayanagar plant by 60% to 16 million tonne per annum. Addition of 6 million tonne per annum would make the facility the largest single location steel plant in India.
Mr Seshagiri Rao joint MD and group CFO told DNA Money that "We have got the approval from the Karnataka government to increase the capacity to 16 million tonne per annum. However, we are focusing only on a 10 mtpa expansion right now, which will be completed by March 2011."
Mr Rao said that the 16 million tonne per annum plan is on the drawing board. We had applied for certain clearances and we have got them but haven't decided yet when we want to start that expansion.
The company has got the land, water and environmental clearances for the expansion.
JSW Steel is at present adding a 3 million tonne blast furnace to take the Vijayanagar capacity to 10 million tonne per annum. The steel maker's target to reach 10 million tonne per annum by March 2010 was delayed due to economic slowdown.
(Sourced from www.steelguru.com)
Wednesday, September 30, 2009
JSW Steel gets approval for Vijayanagar plant expansion
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