Bhushan Steel ups Orissa plant capacity

The Delhi-based Bhushan Steel has increased the production capacity of its integrated steel plant in Orissa five times to 2.5 million tonnes. The plant, which mainly produces hot rolled coils (HRC), will operate at the enhanced capacity from September this year, according to media reports.

The company has been investing Rs 7,000 crore to boost the plant capacity by 2 million tonnes. Bhushan Steel plans to increase the Orissa plant's capacity to 5 million tonnes and this would be achieved by 2012. For this the company plans to invest Rs 8,000 crores. A 450-mw power plant has also been set up to meet captive power requirements.