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.