Jai Balaji group to set up mega steel plant
Kolkata, Jan 14: Close on the heels of the Sajjan Jindal promotedJSW Steel's 10 million tonne proposed steel plant in Salboni, JaiBalaji Group, a Kolkata based company, will set up an integrated steelplant with an investment of Rs 18,000 crore.
West Bengal Commerce and Industry Secretary Dr Sabyasachi Sen toldUNI today,''The company had been scouting for land for this 50 lakhtonnes steel plant for quite sometime. We have shown them about 4,500acres of land in Raghunathpur area in Purulia district, which has beenagreed upon in-principle.'' The plant, with the capacity of 50 lakhtonnes, would also have a captive cement and power plants, he said.
''We want the company to set up the plant in Purulia district asit is well connected by road and rail links. The district has adequatepower and water resources as well,'' Dr Sen said.
''However, the project is at a preliminary stage. Several othersteps would be required before the project takes off,''he added.
The Balaji Group has a MS Ingot manufacturing unit having aninstalled capacity of 78,720 MTPA with four furnaces of a capacity ofsix tonnes each at Durgapur and Burdwan in West Bengal.
The company is currently in the process of setting up a captivepower plant with a capacity of 12 MW at its plant in Ranigunj and coalwashery plant of 360,000 MTPA and ferro alloy plant of 30,118 MTPA.