With this, the Steel Authority of India (SAIL) has completed its around Rs 72,000 crore modernisation and expansion programme, taking its production capacity to 21 million tonnes per annum (MTPA) from 13 MTPA earlier.
"I am fortunate to have been given an opportunity to dedicate this modernised and expanded the plant to the nation," he added.
Bhilai, he said, has not only made steel but has also improved the lives of the people. Since Independence, from Kutch to Cuttack and Kargil to Kanyakumari, it is Bhilai plant that has provided tracks to Indian Railways, he said.
"I want to say that today we are not only fulfilling the needs of the country but also the needs of the world," he added.
When the BJP came to power at the Centre, "India was at the fourth place in steel production. But two years back we left behind America to become the third largest steel producer and four months back we left behind Japan to become the second largest steel producer," he said.
In the last two years, Singh said, India has become a net exporter of steel. "In the last two-and-a-half years we have stopped 40 per cent of the steel which used to come from other countries to India."
Bhilai plant, he said, is producing 130-metre long single piece rail track which is the longest in the world.
Implemented with an investment of more than Rs 18,800 crore, the new Bhilai steel plant would have an enhanced production capacity of 7.5 MTPA hot metal against 4.7 MTPA earlier, which will be the highest among all steel plants of SAIL.
The new blast furnace number 8 - Mahamaya alone has a capacity of 2.8 MTPA.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)