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ICICI Securities Report
We visited Jindal Steel and Power Ltd.’s Angul plant. The plant has evolved and improved a lot since our first visit in CY09. Availabilty of linkage coal allows steady quality of Syngas generation, and allows smooth operation of the direct reduced iron – current cost of Syngas generation is $5-6/ metric million British thermal unit.
The current configuration of blast furnace (4.2 million tonnes per annum) and direct reduced iron (1.8 mtpa) is mirrored to expand further by 6 mtpa, taking Angul capacity to 12 mtpa. Downstream will have hot strip mill and thin slab casting.
There are eventual plans (and adequate land availability) to take the capacity up to 30 mtpa.
2300 acres of land on which 6 mtpa are located has the infrastructure to expand capacity to 18 mtpa. Adequate rail connectivity didn’t look like putting any stress to evacuation.
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