Bokaro Steel Plant

Bokaro Steel Plant (BSP) is located in the Bokaro district of Jharkhand. It is the fourth integrated public sector steel plant in India built with Soviet help. It was incorporated as a limited company in 1965.[1] It was later merged with the state-owned Steel Authority of India Limited (SAIL).[2]

Bokaro Steel Plant Main Gate

Currently it houses five blast furnaces with a total capacity to produce 5.8 MT of liquid steel.[3] The plant is undergoing a mass modernisation drive after which its output capacity is expected to cross 10 MT.

An upgrade of the plant was also done in the 1990s in its steel refining units and continuous casting machines. The plant has recently taken expansion plan along with Korean Steel Company, Pohang Iron and Steel Company (POSCO)[1] Initially, about 64 moujas (a mouja may have several village units) had been acquired for the plant. Of the total land acquired, only 7,765 ha was used to set up the steel plant. The rest has been given by SAIL to the private parties without government’s approval.

The plant's yearly profit stood at ₹11.2 billion (US$160 million) for the financial year 2003–04 and has increased every year since then reaching to 84.26 billion INR in the financial year 2007–08.