Bhushan Steel Ltd announced that its board of directors in a meeting held on January 22nd 2007 has approved the following projects.
1. Setting up of Integrated Steel Plant in the state of West Bengal for with facilities including slab plant, coke ovens and captive power plant etc
2. To set up a 6 million tonne per annum integrated steel plant as an expansion of its existing plant being set up at Meramandali in Orissa.
BSL May setup Steel Plant In West Bengal – Report
ET has reported that Bhushan Steel Limited is considering to sign a MoU with West Bengal government to set up a 2 million tonne per annum steel plant in the state along with a 1,000 MW thermal power project by its subsidiary Bhushan Energy in the state
Mr Neeraj Singal MD of
BSL told ET that “We have identified the location for the projects and it will be near a coal pit head. Talks are also on for a captive coal block.”
BSL is already implementing an INR 5,000 crore steel project with capacity of producing 2.2 million tonne of steel in Orissa and the 1st phase of the project of 500,000 tonnes capacity will be completed by March 2007 and the whole project should be completed by 2009.
Chhattisgarh Government Signs MoUs For Power Plants
Chhattisgarh Govt. has signed MOU with Bhushan Energy Ltd. for setting up 1000MW Power Plant with an investment of INR 40Billion.
Dr Raman Singh Chief Minister of Chattisgarh said that Chhattisgarh is on track of becoming the country's power hub by 2011. He said “Chhattisgarh has the potential to meet the power demand of the whole nation. Several major domestic investors are lining up to set up thermal plants.”