Mr Ram Vilas Paswan union steel minister said that Steel Authority of India Limited will set up 3 steel processing units in Madhya Pradesh to manufacture value added products.

While laying the foundation stone for SAIL’s third steel processing unit in India at Hoshangabad district of Madhya Pradesh, Mr Paswan announced that SAIL will open 2 more similar units in the state at Ujjain and Gwalior.

The Hoshangabad steel processing unit, which is being set up at an estimated cost of over INR 150 crore, is expected to commence production within 2 year timeframe. The unit would produce light and medium structurals, transmission line tower structures and TMT bars. Production facilities would include a 70,000 tonne per annum light and medium structural mill and de coiling, straightening and cutting facilities for TMT coils.

The unit would also have a service centre for TLT structures with galvanizing capacity of 30,000 tons per annum. The de coiling, straightening, cutting line and TLT finishing and galvanizing line would be installed in 13 months.

With this, the total number of steel processing units to be set up by SAIL across 6 states where it does not have a manufacturing base would go up to 10 from the previous 8.

Of the total steel processing units planned, construction of 2 is in progress at Bettiah and Vaishali districts of Bihar while foundation stone for another unit in Ujjain is to be laid.