Steel Authority of India (SAIL) has earmarked an investment of Rs.2,952 crore for enhancing the capacity of its Gua iron ore mine and setting up of beneficiation and pellet plants in Jharkhand, reports said, quoting Steel Minister Beni Prasad Verma.
In a written reply to the Lok Sabha (Lower House of Parliament) he said, "The proposal for capacity expansion and setting up of 12.5 million tonnes per annum (mtpa) beneficiation and 4 mtpa pellet plant was approved 'in-principle' by SAIL Board at a cost of Rs.2,952 crore."
SAIL proposes to increase iron ore mining capacity at the Gua mine in Jharkhand to 10 mtpa from the existing level of 2.4 mtpa.
"Tender for expansion of Gua mine along with setting up of beneficiation plant and pellet plant is in advances stage of finalization. SAIL is also in the process of obtaining necessary approvals and statutory clearances for the project," the minister said.
Gua mine started operations in 1919 and was a captive mine for IISCO (till its merger into SAIL in 2006) for its Burnpur plant.
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