Department of Steel & Mines

New Initiatives

1. New greenfield projects in Orissa - A number of major domestic steel companies and POSCO of South Korea - world's fifth largest steel producer, have announced their intention of seeting up of steel plants in Orissa.
The names of these companies along with their investments as below -
Capacities and investment of new greenfield steel projects to come up in Orissa Company

Company Name

Capacity(mt)

Rs. in Crore

Tata Steel 6.0 15,400
Jindal Stainless 1.6 7,000
Jindal Steel & Power 2.0 4,000
Ispat Industries Ltd. 5.0 12,000
Bhushan Steels Strips 1.2  1,650
Vedanta Resources 5.0 12,000
VISA Industries 1.5 1,600
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
Tube Investments 2.5 6,000
Total 42.9 124,050

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.