The Bhilai Steel Plant’s turnover for the last April-September period is Rs 8,406 crore and the Profit Before Tax (PBT) earned by the company is Rs 940 crore, said the Union Minister of Steel Beni Prasad Verma in Lok Sabha on December 9. The company is being expanded at Rs 17,266 crore, he added.
In a written reply in the Lok Sabha Verma said, under the ongoing modernisation and expansion plan of Steel Authority of India (SAIL), Bhilai Steel Plant (BSP) in Chhattisgarh is being expanded from its installed crude steel capacity of 3.93 million tonne per annum (mtpa) to 7.00 mtpa with an indicative investment of Rs 17,266 crore net of Central Value Added Tax (CENVAT).
The Minister said, the expenditure on modernisation & expansion of Bhilai Steel Plant is financed centrally by SAIL through internal accruals and borrowings while maintaining debt-equity ratio of 1:1.
Verma said, adequate security arrangements have been arranged by Government of Chattisgarh and Government of India for security of Bhilai Steel Plant Mining Project (Rowghat). Government of Chattisgarh has arranged three companies of State Armed Forces.
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