Welspun Steel Ltd has received environmental clearance for setting up an integrated steel plant with a production capacity of 3 MnT pa to be set up at Anjar tehsil in Kutch district in Gujarat at an estimated cost of INR 146.9 billion.
The proposed steel plant aims to provide steady supply of slabs to group company Welspun Corp Ltd (WCL) which makes heavy plates and hot rolled coils. Currently WCL sources slabs from the market.
“The Environment Ministry has given the environment clearance (EC) to WSL for the installation of 3 MnTpa capacity of integrated steel plant, including 1.5 MnTpa cement plant and 200 MW of captive power plant,” a senior government official said.
The approval has been given based on the recommendations of the Expert Appraisal Committee (Industry-I) of the ministry. The environmental clearance is subject to certain conditions, the official added.
The key raw material for the plant would be procured from domestic sources or imported. The capital cost of the project is INR 146.9 billion, as per the proposal and the total land required for the project is 231.58 hectares.
According to WSL, “This integrated steel plant project would provide steady source of slabs for the plate and coil mill of WCL, thereby increasing the financial competitiveness of the Welspun Group.”
The project is estimated to be completed in 36-48 months. Welspun Steel manufactures ribbed thermo mechanically treated bar and wire rods in Anjar tehsil, Gujarat. It has a coal-based sponge iron plant with 4 kilns, each of 100 tonnes per day capacity and a 12-MW captive power plant attached to waste heat recovery boilers.
~Sourced~
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