TORNAGAL (BELLARY DISTRICT): Steel major JSW in Tornagal in Bellary district, which is on an expansion spree, has drawn up plans to produce 16 million tonnes of steel per annum.
Giving this information to The Hindu here on Monday, Vinod Nowal, Chief Executive Officer of JSW, said that the present production was around seven million tonnes per annum and work to increase production to 10 million tonnes was on in full swing.
“We plan to achieve 10 million tonnes by March 2011. In addition, we have planned to take up the expansion programme to produce around 16 million tonnes per annum (MTPA) for which we have obtained clearance from the State High Level Committee,” he said.
The JSW has invested around Rs. 40,000 crore for an eco-friendly integrated steel plant that has come up on 7,000 acres of land.
An estimated Rs. 10,000 crore was being pumped in to increase production to 10 million tonnes. An additional Rs. 25,000 crore would be invested to take the annual production of steel to 16 million tonnes per annum, he said. Dr. Nowal said that JSW ranked eighth among the 32 steel plants in the world surveyed by the World Steel Dynamics keeping in view 23 parameters.
Dr. Nowal also said that JSW was the only steel plant which was using low grade (56 to 58) iron ore available here for producing steel. According to him, JSW had adopted a new technology to make use of low grade ore, through beneficiation and mixing it with high grade (63 plus) ore that would help expand the life of mines in the district by at least three folds going by the present rate of extraction (38 million tonnes during the year 2009-10).
JSW has planned to create awareness among the mine owners to extract all grades of ore and the company was ready to procure them.
With regard to water requirement for its expansion programme, Dr. Nowal said that in addition to the 32 million gallons per day (mgd) from the Tungabhadra Dam, the State Government had allotted 40 mgd from the river Krishna at Alamatti.
The work of laying the 180-km pipeline to draw water, at an estimated cost of Rs. 800 crore, was in progress. It was expected to be completed in June/July this year.