Outlook

The outlook for Indian steel industry is very bright. India’s lower wages and favourable energy prices will continue to promise steel production at lower cost as compared with western part of the world. In the future, Indian steel industry has to grow either by adding capacity in the exisating steel olanta or by installing new integrated steel plants. Following information is reproduced from the internet search: Category: Steel companies in India-Wilkepedia:

Bhushan Steel limited will be setting up an intergrated steel plant in west Bengal with facilities including slab plant, coke ovens and captive power plant. They have also proposed to set up a 6 million tonne per annum integrated steel plant as an expansion of its existing plant being set up at Meramandali (Distt dhenkanal) in Orissa.

Bokaro steel plant is undergoing a mass modernisation drive after which its output capacity is expected to cross 10 million tonnes

Jindal Vijayanagar steel (JVSL) will be adding 3.2 million tons per annum to achieve 11 million tonnes per annum by 2011.

POSCO signed a memorandum of understanding with the government of Orrisa to set up a 12 million tonnes per annum green field steel plant near paradip, Jagatsinghpur district, Orrisa.

Tata steel has set an ambitious target to achieve a capacity of 100 million tonnes by 2015 through a series of Greenfield projects in India and outside which includes 6 million tonnes plant in Orissa, 12 million tonnes in Jharkhand, 5 million tonnes in Chattisgarh, 5 million tonnes capacity expansion at Jamshedpur and in few other countries like Iran, Vietnam and Bangladash

Vizag steel plant is the onl;y Indian shore based steel plant and is poised to become up to 20 million tonnes in a single campus. Recently it has gone expansion from 3.1 million tonnes to 6.3 million tonnes.

Another public sector company, NMDC is to set up a 3 million ton per annum integrated plant at Nagarnar, Chhattisgarh. The plant is likely to be commissioned in 2014.

In addition to the above the steel plants at Bhilai, Rourkela, Durgapur and others are in the process of modernisation and capacity addition.

India is poised to be world’s 2nd largest producer of steel before 2016. Indian’s steel production will be nearly 124 million tonnes by 2012 and that the country could achieve an annual capacity of around 275 million tonnes by 2019-20

Refernce:

Category: Steel companies in India-Wilkepedia, Internet
Chandra Bhushan: Challenge of new balance Internet
Joint Plant Committee report as available on the internet