The board of state-run Steel Authority of India (SAIL) has approved three new modernisation projects at various facilities of the company at an estimated cost of Rs 350 crore.
The projects cleared by the SAIL board include the re-building of a coke oven battery at the Bhilai Steel Plant (BSP) at an investment of Rs 176 crore.
This project will help BSP to meet its coke requirement for the enhanced hot metal capacity envisaged under its modernisation and expansion plan on a sustained basis.
Another project approved is for installation of a computerised process system at a steel melting shop at the Bokaro Steel Plant at an investment of Rs 31 crore.
The online process system is the latest of its kind and will be integrated with the existing system for improvement in yield, quality and efficiency.
The installation of a main step down substation and transmission network at an investment of Rs 141 crore for evacuation from a 280 mw power plant at BSP was also approved.
1 US Dollar = 46.59973 Indian Rupee (August 30, 2006)
Source: Business Standard