Bharat Forge plans steel unit in West Bengal
Speciality steel-maker Bharat Forge on Thursday announced its decision to set up a one-million-tonne integrated steel unit in West Bengal. It is also in talks with the State Government for setting up a manufacturing hub here on the lines of the one proposed in Maharashtra. The steel unit, which would make high-grade steel for the engineering and the automobile sector, would also have a 500 MW power plant along with some downstream units. While the main unit would be set up by Kalyani Steel, a group company, a forging unit might be set up by Bharat Forge, Amit B. Kalyani, Executive Director, Bharat Forge, said. Earlier, he signed a memorandum of understanding with the West Bengal Industrial Development Corporation and the West Bengal Mineral Development and Trading Corporation (WBMDTC) towards setting up the steel unit, in the presence of State Industry Minister, Nirupam Sen. WBMDTC would help source coal for the project. Mr. Sen said that they were shown two sites for the project, one at Salboni near the Jindal project and another in Durgapur. Mr. Amit Kalyani said the detailed project report would be ready in 12 months. The Bharat Forge group is also planning to locate its eastern regional headquarters in Kolkata and efforts are now on to find about four acres close to the city.