Nandigram to get wagon-parts factory

The factory will manufacture steel bogies and couplers to meet domestic and foreign requirements. The project,worth Rs 200 crore,will come up on 50 acres of land currently in possession of BSCL. The land deed will be extended to long-term and discussions in this regard have already taken place,Verma said.

Mamata said today’s agreement was an answer to a section of politicians who have been criticising the new government,saying it had not moved a single inch towards industrialisation. She thanked officials of both the companies for forming the joint venture company.

Verma said SAIL had undertaken an expansion drive following which the company’s steel production capacity would go up to 24 metric tonnes per annum from the existing 14 metric tonnes. The company is investing around Rs 72,000 crore in its various plants,some of which are being expanded.

The company is also setting up a company in collaboration with a Japan-based company at its Durgapur Steel Plant premises. The expansion plan of SAIL’s DSP and Burnpur unit is at an advanced stage and steel production capacity of the plants will go up to 2.5 metric tonnes and 2.2 metric tonnes after the process is over.

SAIL is also setting up a wagon unit with Railways subsidiary,RITES,at Kulti.