Shyam Steel Group under the name of Ranchi Castings Private Limited has proposed to set up a 1.1 million tonne per annum integrated steelplant at Dhanbad in Jharkhand with a total investment of INR 2,000 crore.
Mr Sunil Kumar Bhargava president said that land acquisition is in advanced stage. Requests for qualification quotations received from equipmentsuppliers and consultants are under evaluation. He said that "We will soon sign a MoU with Jharkhand government. We have applied for coal and iron ore mines in the state. Water linkage of 8.75 million gallons per day has been sanctioned. Talks for power allotment are in advanced stage."
He said that the plant is scheduled to commission in about 3 and half years from zero date. The zero date is assumed as the completion date for the land acquisition formalities and taking over the site, getting consent for establishment of the plant from the state pollution control board, finalizing the schemes for supply of power and water to the plant, financial closure and finalizing the order for major equipment.
Mr Bhargava said that "Meanwhile, we have planned to set up an integrated steelplant with a capacity of 1.1 million tonne per annum and a captive power plant of 150 MW at Purulia with an estimated cost of INR 6,000 crore. We will also soon announce another proposal for setting up a 1,000 MW coal based power plant at Dhanbad for which details are being worked out."