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Our Bureau

New Delhi, June 28

STEEL Authority of India Ltd (SAIL) on Tuesday approved the implementation of eight projects at an investment of around Rs 300 crore.

Out of these projects, three have been cleared for Bokaro Steel Plant (BSL), two for Rourkela Steel Plant (RSP) and one each for Bhilai Steel Plant (BSP), Durgapur Steel Plant (DSP) and Visvesvaraya Iron & Steel Plant (VISL), according to a company release.

The projects sanctioned on Tuesday are in addition to the capital schemes valued at over Rs 3,000 crore, which are under various stages of implementation.

One of the projects is the modification of the Mae West block system at BSL's hot strip mill. The project is likely to improve the consistency in the quality of BSL's hot rolled products. The project is scheduled to be completed in two phases by 2007-08 at a cost of Rs 92 crore.

Another project at BSL is the installation of a hydrochloric acid regeneration plant for the pickling line II at an investment of around Rs 50 crore. The project on completion will improve the pickling process that involves the removal of oxide layers from the surface of colled rolled coils.

The other projects include the installation of power supply facilities for setting up a new oxygen plant at Bokaro on a build-own-operate (BOO) basis. Simultaneously, VISL was given a final nod for setting up a cryogenic air separation unit also on a BOO basis.

In addition, SAIL cleared the proposal for the procurement of two BOXN rakes under the `Wagon Investment Scheme' of the Indian Railways for transporting limestone from Jaisalmer to steel plants at a total cost of Rs 26 crore. The companies investing in rail wagons are assured of supply of a guaranteed number of rakes with 10 per cent freight rebate.

The other two projects approved on Tuesday were the implementation of Enterprise Resource Planning (ERP) at Bhilai plant with an estimated cost of Rs 44 crore and the installation of a hot metal desulphurisation unit at RSP's steel melting shop II valued at Rs 49 crore.

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