Ramsarup Ind ushers production of its 500 TPD DRI plant in WB

WHRB plant to generate Rs. 4 crores per month in revenues

Ramsarup Industries Ltd., commenced production of 500 TPD DRI plant first of its kind in West Bengal and Waste Heat Recovery Boiler (WHRB) in Kharagpur. There are very few of such plants in India.

The plant was set up using German Outokumpu technology. Its WHRB will generate 20 MW of power along with gas generated from the blast furnace. Ramsarup is taking necessary action to sell approx 11MW of power through the exchange which will give them approx Rs. 4 crores per month of revenue.

Moreover, the Company has received approval from UNFCCC for carbon credit to the tune of 1,14,000 CER per annum for the next 7 years. The company will now be in a position to sell the carbon credit at current rates, and this will generate extra revenue of Rs. 1 crore per month for the next 7 years.

“Commencing production of 500 ton per day DRI plant at Kharagpur is another milestone in our steady growth towards improving our topline, and remaining a forerunner in our field” said Mr. Ashish Jhunjhunwala, CMD, Ramsarup Industries Limited.

The company already has coal linkage with MCL and has recently been allocated coal mines in West Bengal. As the company has its own private railway siding the entire raw material i.e. iron ore and coal will be received in their private siding within the plant which will save substantial costs for the company.

About Ramsarup Group
Ramsarup Group is mainly into the manufacture of steel wires and TMT bars, which it supplies to the power and infrastructure sector. The group is also putting up facilities for backward integration, with integrated steel plant to produce 7,00,000 MTPA steel billets and 20 MW power at Kharagpur having its own Iron Ore, Limestone, Dolomite mines with coal linkage. The company also facilitate electrification of 2,527 villages in the districts of 24 Paraganas, Howrah and Birbhum in the state, and will be putting up 2.25 lacs household electricity connections. The company successfully carried out similar orders in Rajsthan.