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Construction for JSW Salboni plant to start this year

Steel News - Published on Thu, 28 Jul 2011

BL reported that JSW Steel Ltd is set to begin construction of its mammoth INR 35,000 crore integrated steel plant at Salboni in West Bengal nearly four years after the project was proposed in 2007.

According to Mr Biswadip Gupta CEO and joint MD of JSW Bengal Steel, the company has got possession of the 4,000 acres at Salboni, approximately 150 kilometers from Kolkata and is awaiting registration for the same to achieve the financial closure of the proposed 10 million tonne project.

Mr Gupta told Business Line that “We have already apprised the West Bengal government that we will complete commissioning of the project in 36 months from this year. We have completed the project planning. The land is now in our possession. We are just awaiting completion of the registration procedure. Project commissioning is set to begin in this year.”

The West Bengal Commerce and Industry Minister, Mr Partha Chatterjee confirmed that in a recent meeting JSW has expressed its readiness to go ahead with the project.

He said that “JSW has apprised us about the progress of the project. We have asked them to submit a production plan.”

If implemented, the project will be the first major investment in the state under the leadership of the chief Minister, Ms Mamata Banerjee.

(Sourced from BL)

Posted By : admin on Thu, 28 Jul 2011
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