Suzlon scraps plan for steel plant

Suzlon Energy has dropped plans to set up an integrated steel manufacturing unit in India for captive consumption.

The company had conducted feasibility studies a few months ago for setting up a steel plant in Karnataka, but has decided not to go ahead with this in the next few years, said Tulsi Tanti, chairman and managing director, Suzlon.

"Now, our focus is on completing the ongoing capital expansion plans in India. We have decided against creating own steel manufacturing plants in the near future," he said. Suzlon was planning to set up an integrated steel plant with a capacity of two million tonnes per annum.

The company requires 85 tonnes of steel plate for every megawatt of wind turbine capacity it manufactures, which works out to about 500,000 tonnes a year of plate for its operations worldwide.