Posted on 29 Mar 2022
Indian resources firm Vedanta has approved an expansion project of its ESL Steel plant, which will double its capacity to 3mn t/yr.
Vedanta will invest $348mn for the expansion project of its 1.5mn t/yr steel plant located in Bokaro, in the state of Jharkhand, it said in an exchange filing on 25 March. The expansion will include an additional 1,050m³ blast furnace, 0.5mn t/yr coke ovens, a 1.8mn t/yr pellet plant and an 800 tpd oxygen plant, among other upgrades.
The producer will also add a new 0.18mn t/yr ductile iron pipe plant, which will maximise value-added processing. The expansion, along with the debottlenecking of blast furnace No.3, sinter plants and a new ladle-refining furnace will take the steel plant's capacity to 3mn t/yr, Vedanta said.
Vedanta's total finished steel production rose by 3pc on the year to 350,000t in the October-December 2021 quarter. Total steel production stood at 1.19mn t in the financial year 2021.
Source:Argus Media
