September 07, 2008

Vikash Metal to set up steel plant at Begusarai

Projects Today reported that Kolkata based Vikash Metal & Power plans to set up an integrated steel unit in Begusarai district of Bihar with an investment of IBR 1,500 crore. Work on the project is likely to commence by April 2008 and scheduled for completion within 16 months.

The Greenfield steel plant will be built over 300 acres and will produce 56,000 tonnes per annum steel, 80,000 tonnes per annum steel billets, and 150,00 tonnes per annum of rolled steel. The steel mill will be supported by a 125 MW coal based power plant.