BL reported that Rashtriya Ispat Nigam Ltd RINL, which has embarked on massive and phased capacity expansion plans at Vizag Steel Plant from 3 million tonnes per annum to 6.3 million tonnes per annum by the end of this fiscal followed by two other phases which would take the total to 11.5 million tonnes per annum by 2015-16.

Mr PK Bishnoi CMD of RINL told BL that RINL has firmed up plans for setting up a railway axle plant at New Jalpaiguri in West Bengal at a cost of INR 350 crore for which the Railways would provide 47 acres for the plant.

In Vizag, in addition to its first 4 million tonnes per annum flat steel production facility at a cost of INR 25,000 crore, RINL is also setting up a 400,000 tonnes per annum seamless tube mill of larger diameter for oil and gas sector at a cost of INR 2,000 crore.

Mr Bishnoi said that “It has also planned to set up electrical steel CRGO of 100,000 tonnes per annum and 200,000 tonnes per annum CRNO in the country at a cost of INR 2,500 crore.

(Sourced from BL)