In a bid to increase its global market share Bokaro Steel Plant (BSl), a subsidiary unit of SAIl is aiming at scaling the steel output to 14 million tonnes by 2025 as China and Korea are the main rivals in the path.Expansion plans of other Government-owned entities are on the anvil, said BSl CEO Anutosh Maitra. At present, the BSl has a production of 4.5 million tonnes which would be augmented further to 14 million tones. With the investment of `51,000 crore BSl will go on massive modernisation and expansion program to increase it production, Maitra said.
“We are on move and aim to increase our capacity to 10 MT by 2020 which will enhance to14 MT by 2025”, added Maitra.The Indian steel industry is the 4th largest steel producer in the world and we (SAIl) are hovering 78 percent international market share.Our vision is to increase its production on time. In view of the improved sentiment and confidence across sectors with special emphasis on major infrastructure projects, we are focused in the direction of commissioning balance modernisation facilities at the earliest and ramp up production from already operationalised units to meet the growing steel demand in the coming days, he said.
Now we are also concentrating on maintenance and up-gradation of our operationalised units — Blast Furnace, Coke Oven and HMS (Hot Metal Shop), Maitra said.Amidst facing various challenges on this course BSl registered a profit of `451 crore in the first quarter of current fiscal year, said CEO adding “maintenance of Tenughat canal, boundary wall of the plant, railway track and reinstallation of 112 kms pipe lines are major challenge before the BSl.”