All possible support for Jagdishpur SAIL Unit: Beni Prasad Verma
merisarkar news service New Delhi, March 14, 2011
Steel minister at the JSU Unit
Steel Minister Beni Prasad Verma held a meeting with senior officials from SAIL on Monday for reviewing the progress of the ongoing revival work of Jagdishpur SAIL Unit (JSU), the erstwhile plant of Malvika Steel at Jagdishpur (UP).
The Steel Minister envisaged an investment of around Rs. 10,000 crore for building a modern state-of-the-art steel making unit at Jagdishpur. He stated that Ministry of Petroleum at the Centre has been requested for extending support for natural gas resources.
Verma assured that all possible efforts shall be made to expedite the completion of the project, and said that he would personally take up the matter at the highest levels in the Government.
For Phase-2 development of JSU, discussions with M/s Kobe Steel of Japan were held by a Joint Task Force. Options for setting up a 1,000-MW gas-based power plant and a steel plant based on gas-based DRI (direct reduced iron-making) technology and using Electric Arc Furnace for steel making with value added products are being examined.
Beni Prasad Verma informed that in response to a letter from SAIL Chairman C. S. Verma expressing solidarity with the quake-affected people of Japan, Kobe Steel has informed that the loss of life and infrastructure in Japan is huge. However, all employees and plants of Kobe Steel were almost unharmed. Therefore, they can continue the joint work of feasibility study on the new steel works at JSU.
