Vedanta is on move to increase the production capacity of its Bokaro unit—Vedanta-Electrosteel from 1.5 MT to 3 MT, said an official.
The Vice-CEO of the company, Pankaj Mallahan, recently announced that he is planning to increase the production capacity of our Bokaro unit from 1.5 MT to 3 MT by 2021. “Tough we are also at work to increase the production capacity to 10 MT by 2025,” he said.
We have a plan to invest about 5,000 crore rupees in the first phase of expansion of our Bokaro unit, he said.
“Very soon, we will establish our won Research and Development unit,” he added.
‘Vedanta Star Limited’ a subsidiary of ‘Vedanta’ is at work to increase its production capacity and for which company will invest 300 to 400 million US dollars, informed an official.
“We have about 2,200 acre acquired land at Bokaro; the company is planning to come up with another big new steel unit under the brownfield project. A 4.5 MT steel unit is proposed to come up at Bokaro,” he said.
“We are coming up with new brands in TMT bars, Ductile Iron Pipe (DI Pipes) and Wire rods. Our TMT bar is re-branded as V-Jega, DI Pipes as V-DI Pipe and Wire rods as V-Wiro,” he informed.
Vedanta took the full control of debt-ridden Electrosteel Plant (ESL) at Siyaljori (Chandankiyari) about 35 kms from the district headquarter of Bokaro in June 2018.
Designed and built by the Chinese steel major Laiwu Steel Group Limited (LSGL) this unit is based on Blast Furnace (BF)-Basic Oxygen Furnace (BOF)-Billet Caster and Hot Rolling Route and producing 1.2 MTPA of long steel products, comprising 0.5 MTPA of 5.5-12.0 mm diameter wire rods in coil form and 0.7 MTPA of reinforcement bars in straight lengths and bundled in the range of 8-32 mm and plain rounds up to 60 mm diameter, said an official.
The plant has a 0.33 MTPA DI pipe production facility in the same complex with hot metal from the blast furnaces. The plant will also have production facilities for 0.27 MTPA of commercial billets and 0.40 MTPA of pig iron.
This is the first Greenfield project with Chinese technology started its production at the end of 2011.