Foundation of Rs 16,000 crore five-milion ton steel plant laid

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Purulia, Oct 16 (UNI) Chief Minister Buddhadeb Bhattacharjee today laid the foundation for Rs 16,000 crore five-million ton steel plant of a private steel maker in this backward and drought-prone district of West Bengal.

Jai Balaji India Ltd' Managing Director Aditya Jajodia said the plant being built at phase wise would first produce about 2 million tonne of steel by 2010 and directly and indirectly would give employment opportunity to about half-a-lakh people.

The group is a leading producer of steel in West Bengal has earmarked Rs 16000 crore to make steel five million tonne of steel per year, a captive power plant of 1215 mw and a three million tonne of cement.

After laying the foundation stone at remote Durmut village in Raghunathpur sub-division, Mr Bhattacharjee lauded the group for investing so much to this industrial backward district of south Bengal.

The chief minister said his government's effort for industrialisation was continuing and criticised the Opposition for opposing new initiatives of the government.

He said the steel plant would give about 15000 employment directly and another 35000 employment indirectly. He said the youth would given technical education from ITI and politechnic colleges.

The plant would be implemented in phase wise and in the first phase it will produce two million tonne of steel by 2010, Mr Jajodia said.

UNI

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