Adhunik Alloys to increase steel, power production

Written by State Bureau | Jamshedpur, Aug 4 | Updated: Aug 5 2008, 06:24am hrs
Adhunik Alloys & Power Ltd (AAPL), a part of the Adhunik Metaliks group of companies, will add two kilns of 350 tonne per day (tpd) capacity each by May 2009. This will double the company's steel making capacity from two lakh tonne per annum (ltpa) to 4 ltpa.

Besides, AAPL will set up two waste-heat recovery boilers (WHRBs) that will generate 15 mw and save consumption of coal of around 11,000 tonne per month. It will also add 2x20 tonne induction furnaces along with a billet caster and a ladle-refining furnace (LRF) and are scheduled to become operational by February 2009.

The company will further add a 232 kva supply line to meet its future power requirement and to export excess power, whenever available.

Speaking to FE, Adhunik Metaliks Ltd (AML) managing director Manoj Agarwal said the expansion will cost around Rs 500 crore.

AAPL is also scheduled to synchronise its zero-pollution 30 mw plant by March 2009.

An automatic brick making unit, which will use fly-ash generated by the circulating fluidised bed combustion

(CFBC) boiler plant, will help the company to meet its brick requirement for future projects.

Another group company, Adhunik Power & Natural Resources (APNR), is progressing well with its 1,000 mw thermal project. It has already ordered equipment for the first phase 2x135 units. APNR has so far acquired 90 acres for the project and, according to Agarwal, another 250 acres is 'under the process' of acquisition.

"We will apply for remaining 360 acres to the government as per the R&R policy," Agarwal added. APNR's second phase will constitute 630 MW units, which will take another three years to come up.

The company has already been awarded a coal block at Ganeshpur (for the power project) which it is to share with Tata Steel on a 50:50 basis.

When asked about the recently announced Jharkhand R&R policy, Agarwal described it as 'satisfactory'. He, however, added the state should already have had a 'land bank' in place as 70% of the land identified for greenfield projects were earmarked as 'forest' area which will take at least three years to get it converted into 'non-forest' land.

According to the AML managing director, the group is also going ahead with its global plans and has already acquired coking coalmines in Ghana, Mozambique, Congo and Tanzania, besides acquiring iron ore mines in Brazil.

The Adhunik group, led by its NGO arm 'Nav Nirman Sanstha', is laying emphasis on corporate social responsibility (CSR) and has planned to spend Rs 10 crore towards building permanent facilities like schools, training centers