Having recently taken over the Bihar Alloy and Steel Limited (BASL) in Patratu for Rs 108.9 crore through a bid, steel major Jindal Steel & Powe Limited (JSPL) is now set to revive it, besides setting up a new steel project of 6 million tonne (MT) capacity on 2,000 acres adjacent to the existing plant.
Intially, JSPL plans to revive the rolling mill of the factory and replace the old furnace with a new blast furnace. As things stand, the company would procure blooms (a sort of steel) from its operative plans elsewhere and shape them into proper steel at BASL. BASL, at one point of time was Asia's leading steel player with total production between 6,000-8,000 tonnes.
JSPL assistant general manager SP Sharan said leading consultant Mecon has been entrusted with the job of preparing the detailed project report for revival of BASL, which would now be known as JSPL. The civil works at the factory, he said, would start from February.
Intially, JSPL plans to revive the rolling mill of the factory and replace the old furnace with a new blast furnace. As things stand, the company would procure blooms (a sort of steel) from its operative plans elsewhere and shape them into proper steel at BASL. BASL, at one point of time was Asia's leading steel player with total production between 6,000-8,000 tonnes.
JSPL assistant general manager SP Sharan said leading consultant Mecon has been entrusted with the job of preparing the detailed project report for revival of BASL, which would now be known as JSPL. The civil works at the factory, he said, would start from February.
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