Jindal Steels First Steel Plate Mill going Operational
This is a part of the planned first phase 6.0 million MT per annum integrated steel plant at Angul. This Plate Mill 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, a company release said.
The 5 meter Wide Plate Mill is a part of the Company`s forward integration process of completing the process chain to produce value-added finished discrete plates.
The Plate Mill is a part of integrated steel complex and being set up 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 2012-13, it said.
The project has been funded on 2:1 debt equity and debt of Rs 3282 Crore was 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.
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 up to X-80 Grades.
The Plate Mill is equipped with walking beam type of Reheating furnace technology supplied by Fives Stein France with level 2 automation, SVAI patent MULPIC cooling system, hot leveller & 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.