Shyam Steel Group under the name of Ranchi <link _top>Castings Private Limited has proposed to set up a 1.1 million tonne per annum integrated <link _top>steel <link _top>plant 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 <link _top>equipment <link _top>suppliers and consultants are under evaluation. He said that "We will soon sign a MoU with Jharkhand government. We have applied for <link _top>coal and <link _top>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 <link _top>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 <link _top>plant from the state pollution control board, finalizing the schemes for supply of power and water to the <link _top>plant, financial closure and finalizing the order for major <link _top>equipment.
Mr Bhargava said that "Meanwhile, we have planned to set up an integrated <link _top>steel <link _top>plant with a capacity of 1.1 million tonne per annum and a captive power <link _top>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 <link _top>coal based power <link _top>plant at Dhanbad for which details are being worked out."
