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Work on Salboni steel and power plants in Oct

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Press Trust of India

Posted: May 06, 2010 at 0241 hrs IST

Kolkata The JSW Bengal Steel on Wednesday announced that it will begin “ground-breaking work” on its proposed steel and power plants at Salboni in October. “We plan to start the ground-breaking work on October 1,” said JSW Bengal Steel CEO Biswadip Gupta. He added the company has already acquired 5,000 acres of land for the purpose and the compensation package for the land owners has been prepared.

“The boundary wall will be completed soon and we are currently working on the water supply system,” Gupta said. He said the company has already placed orders for the equipment required for the plant. The power plant will have a capacity of 800 MW in the first phase. The total investment required for both the plants is around Rs 12,000 crore.

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