Bokaro Steel Plant: Difference between revisions

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| area_served = Worldwide
| area_served = Worldwide
| key_people = Sheshagiri Rao MVS, Jayant Acharya   
| key_people = Sheshagiri Rao MVS, Jayant Acharya   
| ISIN = {{ISIN|INE019A01038}}
| ISIN = {{ISIN|sl=n|pl=y|INE019A01038}}
| industry = [[Steel]]
| industry = [[Steel]]
| products = Steel, flat steel products, long steel products, [[Wire|wire products]], plates, Hot Rolled Steel, Cold Rolled Steel
| products = Steel, flat steel products, long steel products, [[Wire|wire products]], plates, Hot Rolled Steel, Cold Rolled Steel
| subsid =  
| subsid =  
| parent = [[SAIL]]
| parent = [[SAIL]]
| revenue = {{profit}}{{INRConvert|6387|c}} (2023)<ref name="Financials">{{cite web|url=https://timesofindia.indiatimes.com/city/ranchi/bsl-tops-sails-profit-charts-in-2021-22-fy/articleshow/91775623.cms|title=Bokaro: BSL tops SAIL’s profit charts in 2021-22 FY |website=timesofindia.indiatimes.com}}</ref>
| revenue =
| operating_income = {{down}}{{INRConvert|5655|c}} (2023)<ref name="Financials"/>
| operating_income =
| net_income = {{down}}{{INRConvert|4139|c}} (2023)<ref name="Financials"/>
| net_income = {{profit}}{{INRConvert|6387|c}} (2023)<ref name="Financials">{{cite web|url=https://timesofindia.indiatimes.com/city/ranchi/bsl-tops-sails-profit-charts-in-2021-22-fy/articleshow/91775623.cms|title=Bokaro: BSL tops SAIL’s profit charts in 2021-22 FY |website=timesofindia.indiatimes.com}}</ref>
| assets = {{profit}}{{INRConvert|211078|c}} (2023)<ref name="Financials"/>
| assets =  
| equity = {{down}}{{INRConvert|67039|c}} (2023)<ref name="Financials"/>
| equity =  
| num_employees = 13,128 (2021)<ref name="Financials"/>
| num_employees = 11,000 (2021)<ref name="Financials"/>
| homepage = {{URL|https://www.sail.in/}}
| homepage = {{URL|https://www.sail.in/}}
}}
}}

Revision as of 11:58, 3 June 2023


Bokaro Steel Plant
Traded as
ISINTemplate:ISIN
IndustrySteel
Founded1964
Founder(s)Government of India
(Chairman)
HeadquartersBokaro, India
Area served
Worldwide
Key people
Sheshagiri Rao MVS, Jayant Acharya
ProductsSteel, flat steel products, long steel products, wire products, plates, Hot Rolled Steel, Cold Rolled Steel
Increase₹6,387 crore (US$900 million) (2023)[1]
Number of employees
11,000 (2021)[1]
ParentSAIL
Websitewww.sail.in


Bokaro Steel Plant (BSL) is located in the Bokaro district of Jharkhand. It is the fourth integrated public sector steel plant in India built with Soviet help.

Bokaro Steel Plant Main Gate

History

Bokaro Steel project in the late 1950s, as political elites in several other states of India made the case for building a steel plant in Bokaro rather than in Bihar.The factors other than natural endowment were involved in the decision — after all, rich deposits could be found in various locations throughout the country. As several scholars have noted, certain non-economic imperatives related to the project of post-colonial nation-building played a significant role.

The achievement of Self-Sufficiency is a long process, and even as PM Jawaharlal Nehru worked towards that goal, the nation was drawn into closer involvement with the Soviet Union. In September 1964, the Soviets confirmed their readiness to assist in the construction of the huge Bokaro Steel Plant [2]

The Soviet Union has traditionally managed to secure generous returns on its aid program in India. The prestigious firm of M. N. Dastur and Company was actively associated with the early planning of the project and had the competence to assess critically the proposed Soviet designs, however, muscled out by the Soviet negotiators from the final aid contract to the chagrin of an articulate and aroused public opinion cutting across most political parties [3]

It was incorporated as a limited company in 1964.[4] It was later merged with the public sector company called Steel Authority of India Limited (SAIL).[5] It houses 5 blast furnaces presently among which the first one was begun on 2nd October 1972.[6]

Production

Currently it houses five blast furnaces with a total capacity to produce 5.8 MT of liquid steel.[7] The plant is undergoing a mass modernisation drive after which its output capacity is expected to cross 10 MT.

The new features added in modernization of SMS-II include two twin-strand slab casters along with a Steel Refining Unit during 1990s. The Steel Refining Unit was inaugurated on 19th September, 1997 and the Continuous Casting Machine on 25th April, 1998. The modernisation of the Hot Strip Mill saw addition of new features like high pressure de-scalers, work roll bending, hydraulic automatic gauge control, quick work roll change, laminar cooling etc. New walking beam reheating furnaces are replacing the less efficient pusher type furnaces. A new hydraulic coiler has been added and two of the existing ones revamped.[8] Initially, about 64 moujas (a mouja may have several village units) had been acquired for the plant. Of the total land acquired, only 7,765 ha was used to set up the steel plant. The rest has been given by SAIL to the private parties without government’s approval.

The plant's yearly profit stood at ₹11.2 billion (US$160 million) for the financial year 2003–04 and has increased every year since then reaching to 84.26 billion INR in the financial year 2007–08.

Products

Bokaro Steel Plant is designed to produce a wide range of products:

  1. Hot rolled coils
  2. Hot rolled plates
  3. Hot rolled sheets
  4. Cold rolled coils (CRM)
  5. Cold rolled sheets
  6. Tin mill black plates
  7. Galvanised plain and corrugated sheets
  8. Oxygen gas
  9. Hydrogen gas
  10. Coke oven byproducts

References

  1. ↑ 1.0 1.1 "Bokaro: BSL tops SAIL's profit charts in 2021-22 FY". timesofindia.indiatimes.com.
  2. ↑ https://www.cia.gov/readingroom/docs/CIA-RDP85T00875R001100130127-2.pdf
  3. ↑ https://books.google.co.in/books/about/The_Bokaro_Steel_Plant.html?id=bqG0AAAAIAAJ&redir_esc=y
  4. ↑ Nirmal Sengupta (1979). Destitutes and Development: A Study of the Bauri Community in the Bokaro Region. Concept Publishing Company. pp. 25–. GGKEY:73SPC2220UQ.
  5. ↑ Steel Authority Of India Limited
  6. ↑ https://www.ftd.travel/bokaro-steel-plant-attraction-bokaro-steel-city
  7. ↑ "BOKARO STEEL PLANT - PRODUCT BASKET".
  8. ↑ https://www.indianetzone.com/45/bokaro_steel_plant.htm

Further reading

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