JSPL lines up Rs 8k-cr funding for Odisha
Navin Jindal-owned Jindal Steel and Strength Try Know Ltd (JSPL) has covered up to Rs 8,000-crore extra funding for its Odisha operations. The money may be spent on the addition of a blast furnace to take its Angul Metal plant potential to 6-million ton, putting in of a cement plant, laying of the slurry pipeline to carry iron ore from mines to Metallic plant and putting in of a pellet plant.
At present, JSPL has a two million ton Metal making facility at Angul through sponge iron path. To provide sponge iron, the employer had set up a DRI plant primarily based on coal gasification era, the primary of its type within the USA, that aimed to use regionally available high ash coal for a direct discount of iron. It has already invested more than Rs 30,000 crore at the task Blog Express.
In truth, the business enterprise proposed To provide six million ton Steel on the place based on this coal gasification generation imported from Lurgi, South Africa. However, the cancellation of Utkal 1B block allocated to the agency following de-allocation of coal blocks by the Splendid Court in 2014, has forced it to head for system re-engineering to reap the supposed 6-million ton Steel capacity.
In place of sponge iron course, it has decided to head for blast furnace route to scale up Metal capability to six million ton. For the reason it’s miles putting up a 4,554 cup Mr blast furnace, claimed to be largest in the united states of America with a capacity To provide 11,000 ton of Metal in keeping with the day.
The blast furnace is predicted to be prepared for commissioning by using the quit of the contemporary economic 12 months. So also different related centers, inclusive of coke oven To provide metallurgical coke and BOF (basic oxygen furnace) plants, the paintings of which are in development.
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The capacity of Steel melting shop is likewise being better with the addition of a furnace of 3 million ton potential.
The total expenditure incurred on these types of new additives required to elevate the Metal-making potential at Angul from 2 million ton to 6 million ton is estimated at approximately Rs 6,000 crore.
Except, the business enterprise additionally intends to lay a pipeline from the point of sourcing iron ore at Barbil in Keonjhar district to its Angul plant at a fee of Rs 800 crore. This will reduce the ore transportation price notably from Rs 800 in step with a tonne to about Rs two hundred per ton, stated Damodar Mittal, executive vice chairman, tasks.
Taking gain of this cheaper mode of ore shipping, the enterprise plans to installation a four-million-ton consistent with annum pellet plant at Angul with a funding of Rs a thousand crore. The pellet plant can feed the existing DRI plant at the area and reduce fee toward transportation of pellet from the agency’s Barbie plant to Angul, a distance of 280 Kms.
In addition, using the slag comprised of the blast furnace, the employer proposes to set up a cement plant near its Metal mill for which an expenditure of Rs 200 crore has been earmarked.