In order to ensure assured power supply for its future requirement, the Visakhapatnam Steel Plant is working
on a 240 mw captive power plant project in two phases.
In the first phase, the firm would be setting up a 120 mw blast furnace gas-based captive plant with an investment of Rs 677 crore.
AP Choudhary, Chairman and Managing Director of the firm, launched the works related to the power plant recently.
The company has a coal-based power plant — about 18 mw — to run the 3-million tonne capacity steel plant at present.
The new power plant would be useful for the company as it is expanding its capacity to 6.3 million tonne.
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