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Narendra Modi inaugurates IISCO plant at Burnpur

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Prime minister Narendra Modi on Sunday inaugurated here the upgraded steel plant of IISCO that has the country’s largest blast furnace in Burnpur, West Bengal on Sunday.

  • The plant has been modernised at a cost of Rs. 16,000 crore.
  • Production capacity will go up from 0.85 mtpa to 2.9 mtpa.
  • The modernised facility will have the largest blast furnace.
  • It’s a rebirth of a legacy industrial unit in the country.
  • The newest plant of SAIL replaces the old 0.4 million IISCO facility at Burnpur in West Bengal that still produces pig iron and a little bit of construction steel
  • It is devoted fully towards production of construction steel in its various usages — covering small housing to sophisticated infrastructure needs.
  • Total Set Up Cost – Rs. 16,480 crore
  • It is spread across 953 acres is the fifth integrated steel plant of SAIL.
  • Target :  Central government had planned to attain a capacity to produce 300 million tonnes of steel by 2025 to meet industry demands.

About IISCO :

  • Full Form : Indian Iron and Steel Co
  • Founded : 1918
  • Taken over by the central government in 1972 as part of a nationalization drive.
  • Made a fully-owned subsidiary of SAIL in 1978.
  • Headquarters :   Burnpur
  • CEO : Narendra Kothari

About SAIL :

  • Full Form : Steel Authority of India Limited
  • Target :  Capacity of 50 million tonnes by 2025
  • Headquarters : New Delhi
  • It is a public sector undertaking which trades publicly in the market is largely owned by Government of India and acts like an operating company.
  • It is the 24th largest steel producer in the world.
  • It operates and owns 5 integrated steel plants at Rourkela, Bhilai, Durgapur, Bokaro and Burnpur and 3 special steel plants at Salem, Durgapur and Bhadravathi.