SAIL to invest Rs.2875 Cr for expansion of Durgapur plant

New Delhi: Steel Authority of India Ltd (SAIL), has planned to invest Rs 2,875 crore towards the first phase of modernisation of its integrated steel plant in Durgapur, West Bengal.

This would boost the production capacity of finished steel to 1.36 million tonnes from the present 0.75 mt.

Modernisation of the Durgapur Steel Plant (DSP) would improve profitability, due to increase in the finished steel component, besides decreasing the cost of production due to less energy use. After the modernisation, the annual production capacity of hot metal, crude steel and saleable steel is expected to increase to 2.45 mt, 2.20 mt and 2.12 mt from 2.08 mt, 1.80 mt and 1.58 mt at present, respectively.

The expansion drive is to also see de-bottlenecking of the raw material handling and coal handling plants. The present 1-mt by-product plant at DSP would also be revamped to include a new benzol plant.