JSPL - Another Potential 30 Mtpa Steel Complex: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..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. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

JSPL - Another Potential 30 Mtpa Steel Complex: ICICI Securities

JSPL - Another Potential 30 Mtpa Steel Complex: ICICI Securities

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