Bhushan Steel plans SME Steel Park at Orissa
Bhushan Steel Ltd (BSL) has requested permission from the Orissa government for establishing a ‘SME Steel Park’ around its 3mtpa steel plant being set up at Meramundali in Dhenkanal district at an investment of Rs5828 crore. BSL has already attained 0.5 million tonne per annum (mtpa) steel and 1 mtpa sponge iron capacity along with commissioning of a 110 Mw captive power plant (CPP).
According to informed sources, the company has sought 1,000 acres of land for the proposed SME steel park, of which 200 acres will be earmarked for local downstream units. BSL will also provide the raw materials, infrastructure support, assured power supply and marketing support to the units proposed to come up in the steel park.
In response to the company’s request, the state industries department has asked it to submit a combined application form and detail project report (DPR) to the Industrial Promotion and Investment Corporation of Orissa Ltd. (Ipicol) like Jindal Stainless and Nalco. The BSL proposal is likely to be routed through the State Level Single Window Clearance Authority (SLSWCA) of the state government.