 Carrying on with its plans of expansion, JSPL plans to invest US $ 12.00 billion (Rs. 55,000 crore) in the state of Jharkhand for establishing a steel plant of capacity 11 MTPA and a captive power plant with production capacity of 2600 MW in phases.
The company is setting up a 6.0 million TPA steel plant and a 1609 MW captive power plant (CPP) at Patratu and it plans to set up a 5.0 MTPA steel plant and a 1000 MW CPP at Asanboni.
At Patratu, JSPL has taken over the assets of the closed Bihar Alloys & Steel Limited, which is about 40 Kms from Ranchi. Using the available land and adding some more, the company is setting up new steel and power plants. This endeavour would provide gainful employment to a large number of people and aid in the economic and infrastructure development of the area.
The plant facilities for the first phase at Patratu include:
- 1.9 million TPA coke and by-product plant
- 3.8 million TPA sinter plant
- 4019 m3 blast furnace
- 2 x 160 ton basic oxygen furnace (BOF)
- Ladle furnace
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- Vacuum degassing unit
- 2 nos. of 6-Strand billet caster
- 2x1.0 million TPA bar mill
- 0.6 million TPA wire rod mill
- Oxygen plant
- Lime and dolomite calcination plant
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- Orders for major technological packages have been finalized and in certain cases orders have been placed.
- In early 2010, the first unit of the steel plant at Patratu, a 0.6 MTPA wire rod mill was commissioned.
- The plant achieved its highest production of 26,714.806 MT of wire rods in July 2011.
- The second unit, the 1.2 MTPA Bar Mill that has been recently inaugurated is designed to produce TMT bars from 8 mm to 40 mm, angles 50x50 mm to 90x90 mm and plain rounds (forging grade) and RCS.
- The Bar Mill will provide direct and indirect employment to about 1000 people in the region. The TMT Bars produced from this Mill will be utilized in housing and infrastructural development projects in the State of Jharkhand.
- Jeraldaburu iron ore mines, Jitpur coal block and Amrakonda-Mugadangal coal block allocated.
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