Jai Balaji starts alloy making unit
Jai Balaji Industries Ltd (JBIL) said in a release that it has commissioned its 0.45 million tonne Alloy & Stainless Steel division at its Integrated Steel Plant at Durgapur, West Bengal.
The new facility entails an investment of Rs 225 crore out of a total outlay of about Rs 2,000 crore.
The division is capable of producing a wide variety of value-added alloys and stainless steel products that are directly or indirectly consumed by Railways, Defence, the forging & engineering industry, capital equipment and auto components.
The Jai Balaji group has nine manufacturing units, six of which are in West Bengal. The group also has a presence in Jharkhand, Chhattisgarh and Orissa.
The group is now going ahead with its Purulia, West Bengal project, consisting of a 5-million-tonne-per-annum integrated steel plant, a 3-million-tonne cement plant and 1215Mw power plant. The Purulia project will see a total investment of Rs 16,000 crore, the release said.