The names of these companies along with their investments as below -
Rs. in Crore
|Jindal Steel & Power||2.0||4,000|
|Ispat Industries Ltd.||5.0||12,000|
|Bhushan Steels Strips||1.2||1,650|
|Sunflag I&S Co.||1.0||1,000|
|SPS Sponge Iron||0.1||400|
|Neelachal Ispat Nigam||1.0||1,000|
|Essar Steel Ltd.||4.0||10,000|
2. Development of a new mine at Thakurani of 1 Mtpy capacity.
3. Computerized instrumentation and automation in mines
4. Bolani - Besides a new ore processing plant (OPP), the mine has undergone successive developments through AMR schemes. The stress is on improving beneficiation for quality ore. Capacity enhancement of existing equipment along with simultaneous reclamation of lumps and fines will help production to reach about 4 Mtpy. Installation of a 6000 TPH capacity outselling plant will give an additional 1 Mtpy. Modification of lump loading conveyor belt, stacking and blending yard at dines stockyard and reclamation of water from tailing dams are going on in full swing. The estimated iron ore reserve at Bolani is 160 Mt.
5. Expansion programmes - Expansion programmes of the SAIL (Steel Authority of India Ltd) plants at Rourkela, Bhilai, Durgapur and Bokaro along with the Vizag plant of RINL (Rashtriya Ispat Nigam Ltd) were the only growth story of the steel industry in India in the 70's and 80's until the decontrol of the steel industry as a part of economic reforms package started in 90's.Steel capacity stagnated at around 15-20 mtpa for a pretty long time till the new private entrepreneurs took the initiative of setting up greenfield plants with backward and forward integration. The new players included Essar Steel, Ispat Group, Jindals and others. Steel capacity presently has touched 55 mtpa as a result of entry of new private players but as mentioned earlier, this is a fraction of the Chinese steelmaking capacity which has crossed 500 mtpa during the same period.
6. Steel making - Out of the foreign leaders in steelmaking, POSCO of South Korea signed an MoU with the Govt of Orissa quite sometime ago but the project has been bogged down due to various reasons. There are issues of land acquisition & rehabilitation of displaced persons, apart from long-term lease of iron-ore, among others. Arcelor Mittal signed an MoU with the government of Jharkhand followed by another one with the government of Orissa but the progress here too has been tardy.