Indian stainless project

Jindal Stainless Ltd, part of the O P Jindal Group, has drawn up plans for an integrated stainless steel project in the Jajpur district of Orissa, India. To be built in two phases, the plant will have a capacity of 1.2 million tpy. “With its existing 500,000tpy capacity, this should make the company one of the top five stainless steel producers in the world,” Ratan Jindal of Jindal Stainless said. The first phase of the project is under way, and includes a 160,000tpy liquid ferrochrome project and a melting project for 600,000 tonnes of stainless steel slabs. While the ferrochrome project is expected to be ready 15 months from now, the rest will take another 15 months. “We have already placed an order for furnaces for the ferrochrome project with SMS Demag,” Jindal added. However, the company is still looking at various technology options for the melt shop. While the ferrochrome project is likely to cost Rs 150-160 crore, the melt shop, including the slab caster, is expected to cost Rs 300-400 crore. The company is also considering a captive power plant of 120MW. Jindal plans to use 50% of the slabs produced in the Orissa plant for in-house consumption at Hissar in Haryana, where the HR rolling capacity of 800,000 tonnes is higher than the slab production capacity. The rest will be exported. The second phase of the project will double the capacities of the current project. In addition, the firm will put up an HR-rolling capacity of 1 million tonnes in the second phase.

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