Tag: Steel

SAIL to invest Rs 42000 crore in Bengal

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Maharatna PSU Steel Authority of India (SAIL) will invest an additional Rs 42,000 crore in West Bengal over the next 10 years under its capacity expansion plan. The giant PSU currently has an installed capacity of 19.5 MT; the goal is to achieve a capacity of 50 million MT soon.

SAIL had invested a total of Rs 16,400 crore in IISCO’s modernisation. There is a long term target of 300 MT steel production by 2025 in which West Bengal would have the majority share. Additionally, plans are being simultaneously made for further expansion in IISCO as well as the Durgapur Steel Plant. The total investment in these two projects is estimated to be Rs 35,000 crore.

Since the implementation of the Investment and Industrial Policy of West Bengal 2013, the West Bengal Government has generated a lot of goodwill among industrialists and investors. SAIL having made plans for further investment illustrates the industrial potential of State and the initiative of the West Bengal Government.

Trinamool holds dharna for land losers in Salboni

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Trinamool Congress State President and MP Subrata Bakshi on Wednesday attended a dharna at Salboni where Sajjan Jindal Group has put their steel project on hold.

The dharna was organised by the local Trinamool functionaries in front of the JSW Bengal Steel factory. Around 1,500 people, including over 150 land losers, participated in the dharna.

“We could solve the problem in 12 hours if we had all the power. But the Centre has a role here,” he said. Subrata Bakshi made it clear that the party is not against industry or any industrialist.

“We want industry here,” he added. He said if Jindals cannot set up an industry in Salboni, they should return the land.