Jai Balaji Industries Ltd. has inaugurated 0.45mn tonnes Alloy & Stainless Steel division at Banskopa, Durgapur, West Bengal on Saturday. It was inaugurated by Chief Minister Buddhadeb Bhattacharjee.
The inauguration of the project by the Chief Minister is a significant recognition of the facility and the support by the state government in the process of industrialisation in the state. This new facility involves an investment of Rs 225 crore out of the total investment of nearly Rs20bn made by the Jai Balaji Group.
The 0.45 million tonne Alloy & Stainless Steel division of JBIL is the most modern and one of the largest of its type in the country with the latest state-of-the-art technology.
The division which comprises of Oxygen & Argon Plant, LRF, VDG, VOD, Bloom & Billet Caster is capable of producing a wide variety of value-added alloys and stainless steel products which are directly / indirectly consumed by Railways, Defence, Forging & Engineering Industry, Capital Equipments, Automotive Components and such other numerous sectors.
A small sapling which was sown in the year 1999, Jai Balaji Industries Ltd, the flagship company of Jai Balaji Group, has continuously expanded its operations and has grown into a large Banyan tree and now ranks amongst the top 10 steel producers in the country.
The group has nine manufacturing units and six of them are in the state of West Bengal. It has also extended its foothold in the other mineral rich states of Jharkhand, Chhattisgarh and Orissa.
It ranks amongst one of the fastest growing steel companies in India. Having set-up fully integrated green field Steel Plant, it has now achieved over one million tonne steel making capacity.
The group has all the facilities of steel making comprising of Pig Iron, DRI, Billets, Rolling Mills, Ferro Alloys, Coal Washery, Captive Power Plants generating green power along with Sinter Plant, Pulverised Coal Injection Plant and Alloy & Stainless Steel Plant being inaugurated.
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