Bokaro Steel Plant not to go for big investments

Bokaro Steel Plant (BSP), a part of state-owned SAIL, will not go for big investments but opt for small ticket ones, in view of the current industry scenario, an official of the steel plant said.
"We are looking at small ticket investments as part of the second phase of expansion. There will not be big sized investments due to the current under-utilisation of capacities," CEO of BSP Anutosh Maitra said.
In the first phase of expansion, which is now complete, SAIL had invested around Rs 6,300 crore for raising hot metal capacity from 4.36 million tonnes per annum to 4.61 million tonnes per annum.

Regarding the second phase, Maitra said that efforts were on to consolidate the gains and make corrections for the past mistakes.
Presently, the plant has lined up an investment of around Rs 2,000 crore for setting up a new hot strip mill, a new sinter plant and upgradation of the steel melting shop (SMS), Maitra said.
"Contemplations were on within SAIL whether the targeted raising of hot metal capacity to 10 mtpa by 2016-2017 and 14 mtpa by 2020-2025 would be correct at the current juncture," Maitra told reporters on the sidelines of the AGM of Indian Refractory Makers Association (IRMA).

Maitra said the plant would not require new tracts of land or any other physical infrastructure for carrying out that exercise, if undertaken at all.