Project Finance

Topics: Visakhapatnam, Wheel, Steel Pages: 2 (359 words) Published: April 15, 2013
OBJECTIVE: to increase the capacity of RINL from 3million tones to 6.3 million tones. vizag steel plant has approved a project of RINL for construction of blast furnace, caster, oxygen plant, raw material handling plant, chilled water plant, ladle heating furnace-caster shop, reheating furnace of wrm, cranes for production in sms, wrm&bf, water plant electrical system-34 substation and connecting facilities and other utilities in stage – 1 and special bar and structural mill in stage- -2.

Cost of the project: 12000crore and duration is 3years. Of the total cost more than 11000 crore was already spent of which nearly 10000cr was raised through internal equity and the rest through debt (borrow)

OBJECTIVE: Endeavour for product diversification
vizag steel approved a project to establish an axle plant at jalpaiguri, west bengal. Consultancy work was handed to MECON, tenders floated for main technological packages. Commenced in august 2012 and expected to complete by 2014-15. PROJECT 3:

A Specialized unit catering to the need for special grade wheels for high speed trains, at rae bareli. The proposed forged wheel factory, the biggest Forged Wheel Plant in the country would go a long way in meeting the future requirements of wheels for Indian Railways. The input for the Forged Wheel Plant would come from Visakhapatnam from the state-of-the-art Caster being set up. The Caster designed to produce 500 dia rounds, the biggest in the country, would adequately meet the requirement for the Forged Wheel Plant. the Forged Wheel Plant will have a capacity of producing 100,000 wheels every year and will be completed within a schedule of 36 months(from December 2012) The Raw material for the factory will be supplied by RINL’s plant in Vishakhapatnam in the form of Continuous Cast (CC) rounds.

Cost of the project: Rs. 1000 crores (Approximately)
The Wheel Plant is being set up at Rae Bareli, as it offers good infrastructure...
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