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Jindal Steel & Power starts commercial production at widest plate Mill

28 Aug 2012 Evaluate

Jindal Steel & Power (JSPL) has started the commercial production of India’s widest 5.0 Meter Wide Plate mill at Angul in Odisha which is a pact of the planned first phase 6.0 million MT per annum integrated steel plant at Angul. This Plate has an annual capacity of 2 MTPA. The company is targeting to produce 15,000 MT in the next month and then increase the production gradually.

This 5 Meter Wide Plate Mill at Angul is a part of the company’s forward integration process of completing the process chain to produce value-added finished discrete plates. The technology and equipments is supplied by Siemens VAI UK & capable of rolling wide width range and steel grades like structural, boiler quality, shipbuilding and pipeline plates upto X-BO Grades. The plate mill is equipped with walking beam type of Reheating furnace teratology supplied by Fives Stein France with level 2 automation, SVAJ patent MULPIC cooling system, hot leveler & GE GMBH online Ultrasonic Testing facility for excellent plates surface quality and close dimensional tolerances and flatness control.

In another positive development for the integrated steel plant, BSI (British Standards Institution) has certified 5.0 Meter Wide Plate Mill for Integrated Management system (ISO 9001, ISO 14001 and OHSAS 18001) certification. The plate mill is a part of integrated steel complex and being set lip along with 1.6 MTPA Steel Melting Shop at a combined project cost of Rs 4923 crore. SMS is likely to be commission towards the end of FY 2013. This project has been funded on 2:1 debt equity and debt of Rs 3282 crore has been funded by consortium of Indian Banks with largest loan given by SBI, PNB, Vijaya Bank and others.

The plate has a market in oil and gas sector, water pipeline sector, shipping sector, infrastructure and power equipment manufacturing etc.

Jindal Steel Share Price

1269.50 45.65 (3.73%)
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