BSL to set up two Greenfield steel units

admin admin | 10-04 00:20

BSL to set up two Greenfield steel units.
Bokaro Steel Plant (BSL) has unveiled plans for the establishment of two Greenfield steel units, each with a capacity of 5 million tonnes per annum (MTPA). However, BSL’s focus is on a brownfield project aimed at increasing its crude steel production from the existing 4.66 MTPA to 7.61 MTPA by 2030.

Director in-charge of BSL Birendra Kumar Tiwari, said the first phase of expansion involves enhancing production through a brownfield project in the existing plant.

“While we have the capacity to install two Greenfield projects, each with a capacity of 5 MTPA, our focus is on the brownfield phase. We plan to invest in Greenfield after generating revenue from brownfield. BSL will focus on boosting production in next five years and use the profit to finance Greenfield.”

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Hyundai Motor India lists with record IPO, commits to Indian market with new tech and EV plans

As part of its effort to introduce clean mobility solutions for Indian buyers, Hyundai will launch f...

auto | 7 hours ago

Skoda Auto Volkswagen India plants over 7 lakh trees in Maharashtra for ecological restoration

Additionally, SAVWIPL has installed 18.5 MWp of rooftop solar power at its Chakan facility, which of...

auto | 7 hours ago

Mega Corporation launches Lendingo to enhance EV financing solutions

Mega Corporation on Monday announced the launch of a new division, Lendingo. Mega Corporation on Mon...

auto | 7 hours ago

GreenLine accelerates decarbonisation efforts with 1,000 LNG trucks by March 2025

The government in a recent draft policy proposed to convert a third of long-haul trucks into LNG pow...

auto | 7 hours ago

Remsons Industries acquires 51% stake in BEE Lighting to enhance automotive lighting solutions

Established in 2006, BEE Lighting specialises in automotive headlamps, rear lamps, and various exter...

auto | 7 hours ago

EV Recharge partners with ZEVO for mobile EV charging solutions

EV Recharge’s technology can charge vehicles from 0% to 80% in just 20 minutes, a significant improv...

auto | 7 hours ago