December 2011 - SIMA

GREEN FIELD STEEL PROJECT OF JSPLJSPL is setting up 12.5 MTPA Steel Plant & 2600MW Power Plant in Angul, Odisha. This plant will beimplemented in 2 phases. In the first phase, thecompany is in the process of setting up a 6.0 MTPASteel Plant 900 MW Captive power plant. In thesecond phase another 6.5 MTPA steel capacity and1600 MW Power Plant would be set up. The DRI –BF-EAF Route would be adopted for steel production.The DRI plant has a unique feature of using Syn Gasfrom the Coal Gasification plant first time in the world.DRI plant capacity would be 2.0 MTPA.(Source: Business Line – 31 st October, 2011)SHRI BAJRANG POWER AND ISPAT LIMITEDShri Bajrang Power and Ispat Limited is coming upan Integrated Steel Plant at Tilda, Raipur with 2.0 MTIron Ore Beneficiation, 1.4 MT Pellet, 0.6 MT SpongeIron, 125 MW Power, 1.0 MT Steel Melting Shop andFerro Alloys in 2 Phases. Major production activitiesof 1 st phase are scheduled to be commissioned inFinancial Year 2012-13.(Source : Shri Bajrang Power and Steel Ltd.)GROWING SHORTFALL OF COALYear Demand* Domestic Gap*Production*2005-06 445.65 407.04 38.612006-07 474.18 430.83 43.352007-08 492.5 457.08 35.422008-09 550 492.76 57.242009-10 604.33 532.06 72.272010-11 656.31 533.08 123.232011-12 (est) 696.03 559 137.03* Figs in million tones(Source : Parliament questions, PIB)Coal imports have shoot through the roof amid asevere supply crunch in the domestic market.According to Government data, in the last 7 monthsNEWS(April – October), the country imported around 21Million Tonne coal worth $ 10 Billion, which is 51%more compared to the corresponding period of lastyear. In October, the imports surge was particularlyevident. Coal imports grew 105 % compared to samemonth a year ago.NEW COAL PRICING MECHANISMCoal India Limited (CIL) is contemplating tobenchmark its produce to Grows Calorific Value(GCV) of coal, beginning January 1. This move isexpected to expand both the product as well as pricerange of offerings substantially. CIL is currently sales7 variety of coal, benchmarked against Useful HeatValue (UHV). The move of CIL has been opposed bythe Power Sector.(Source: Business Line – 8 th November, 2011)VALUE CREATORUS based Boston Consultancy firm has rated JindalSteel & Power Ltd as the second largest valuecreator in the world. And the only company from Indiato be included in the Top 10 Value Creator’s GlobalRankings.Congratulations to Mr. Naveen Jindal & Team.(Source : Chairman’s Speech)WIND FALL OF AWARDS TO TATA SPONGE IRONLTD.IIM National Quality AwardTata Sponge Iron Limited has once again won theNational Quality Award instituted by the IndianInstitute of Metals for the year 2010-11. Tata Spongewas shortlisted for the first prize under the pig iron/rolling mill/DRI category. Tata Sponge is the proudwinner of this award for the sixth time, the last timebeing during the year 2003. This award affirmscompany’s unwavering commitment towards qualityin all its spheres of activities, as has been articulatedthrough its vision, mission & various other policies.The award was received by Mr. Suresh Thawani,Managing Director during the National MetallurgistsDay Celebration organized by the Indian Institute ofMetals on 14 th November at Hyderabad.DECEMBER-2011/38