Shyam Steel Industries Ltd. signs MOU with WBIDC & WMDTC

On 5th February, 2008, the Group signed an MOU with the Government of West Bengal on behalf of the Govt. of West Bengal. Shyam Steel was represented by Mr. Shyam Sunder Beriwala, Chairman & MD, Shyam Steel Industries Ltd ; Mr. M.V.Rao, M.D., West Bengal Industrial Development Corporation (WBIDC) and Mr. A.Sen, Chairman, West Bengal Mineral Development & Trading Corporation (WMDTC), represented West Bengal government. A press conference on the same was held at The Park, Kolkata on 13th February, 2008.

The MoU is for setting up of two Green field Integrated Steel Plants - one at Purulia (on 1200 acres) with a  capacity 1.1 Million Tonne and another at Kharagpur (650 acres ) with a capacity of 0.6 million Tonne. The projects will entail and investment of Rs. 3000 crores. The State Government has assured availability of land as well as infrastructure facilities like water and power supply, railway siding and allotment of iron ore mines in Jharkhand and Orissa. Andal (East) Coal Block in West Bengal has been identified for allotment, for captive use in the proposed plants, in joint venture with WBMDTC. The Purulia project will also have a 1 Million tonne cement and 150 MW captive power plants. The Kharagpur project will have similar facilities including a captive 75 MW power plant.