- Project Finance
OBJECTIVE: to boost the capacity of RINL from 3million shades to 6. a few million colors. vizag metallic plant features approved a project of RINL for development of great time furnace, caster, oxygen flower, raw material handling grow, chilled normal water plant, ladle heating furnace-caster shop, reheating furnace of wrm, coupure for development in text message, wrm& bf, water herb electrical system-34 substation and connecting features and other resources in level вЂ“ 1 and special bar and structural mill in stage- -2.
Cost of the project: 12000crore and timeframe is 3years. Of the total cost more than 11000 crore was already spent of which almost 10000cr was raised through inside equity and the rest through debt (borrow)
OBJECTIVE: Endeavour intended for product diversity
vizag steel approved a project to determine an axle plant in jalpaiguri, west bengal. Consultancy work was handed to MECON, tenders floated for main scientific packages. Commenced in august 2012 and likely to complete by 2014-15. JOB 3:
A Particular unit wedding caterers to the need for special grade wheels intended for high speed trains, at rae bareli. The proposed solid wheel manufacturer, the biggest Falsified Wheel Flower in the country would venture a long way in meeting the future requirements of wheels intended for Indian Railways. The insight for the Forged Wheel Plant will come from Visakhapatnam from the cutting edge Caster becoming set up. The Caster created to produce 500 dia rounds, the biggest in the area, would effectively meet the requirement for the Cast Wheel Plant. the Cast Wheel Herb will have a capacity of manufacturing 100, 000 wheels annually and will be finished within a timetable of 36 months(from January 2012) The Raw materials for our factory will be supplied by RINL's herb in Vishakhapatnam in the form of Ongoing Cast (CC) rounds.
Cost of the project: Rs. 1000 crores (Approximately)
The Tyre Plant is being set up in Rae Bareli, as it gives good system...