Poor Jharkhand would be the biggest looser if SAIL supplies High Grade iron ore
from Chiria mines to cunning & shrewd Bengal. Alos, the proposed Jindal &
Balaji steel plants in Bengal would get ores and coal from Jharkhand.
Jharkhand has 30% of India's coal reserve, but corporate HQ in Calcutta where
all the conspiracy are being hatced.
Wake up Jharkhand otherwise you would miss the bus.
Good Luck & Best Wishes
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Bengal is going to be the biggest beneficiary of the mega expansion programme
being undertaken by public sector behemoth Steel Authority of India Limited
(SAIL).
The company will make 38 per cent of its planned investments in the state.
Of the total investment outlay of Rs 53,000 crore, SAIL will invest Rs 20,000
crore in Bengal, steel minister Ram Vilas Paswan said today.
He was speaking at the reopening of the Kulti Works, which has been renamed
SAIL Growth Works. External affairs minister Pranab Mukherjee and information
and broadcasting minister Priya Ranjan Das Munshi also attended the function.
Exactly a year back, Paswan had flagged off SAILs biggest investment in the
state the modernisation and expansion of IISCO Steel Plant at Burnpur in
the presence of Prime Minister Manmohan Singh.
The budgeted investment at IISCO Steel Plant was Rs 9,600 crore then. Today,
Paswan said the number had gone up by Rs 4,000 crore.
S.K. Roongta, chairman of SAIL, said the companys production in the state
would go up by 125 per cent.
It will make 6.41 million tonnes (mt) of hot metal in the state compared with
2.84mt now.
Apart from IISCO Steel Plant, Durgapur Steel Plant would get around Rs 5,500
crore. The Alloy Steels Plant in Durgapur has also attracted investments of
close to Rs 1,000 crore.
However, the SAIL management did not disclose the amount of investment in the
Kulti facility. When SAIL completes its expansion plan in 2010-11, saleable
steel production in the state will be in the region of 5.63mt.
Paswan said that SAIL would soon acquire the National Iron and Steel Company,
a Bengal government undertaking at Belur near Howrah. We have sought
co-operation from the state government on this, he said.
However, the success of much of SAILs plan to make 26mt of steel from the
present level of 13mt will depend on its ability to get raw materials such as
iron ore and coal.
The company is involved in a legal battle with the Jharkhand government for
control of Chiria mines, whose high quality iron ore reserves are the biggest
in India.
http://www.telegraphindia.com/1071226/jsp/business/story_8710147.jsp
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