Kalyani Steels Invests 211 Crore in New Karnataka Plant

Kalyani Steels (KSL) is set to enhance its capabilities with a strategic expansion plan in Karnataka, focusing on building a state-of-the-art 2,00,000 tonnes per annum non-recovery/heat recovery coke oven with modified wet quenching. This project, estimated at Rs 2,110 million, will also include a 15-17 MW captive power plant, utilizing waste heat from the coke oven flue gas. The financial backing for this venture will come from a combination of debt and internal accruals.

The backdrop of KSL's expansion lies in its specialization in special steels and its existing facility in Ginigera village, Karnataka, boasting a capacity of 7,00,000tpa of carbon and alloy steels. The new facilities, including the coke oven and captive power plant, aim to significantly enhance self-sufficiency in coke production and reduce dependency on external power sources.

The Coke Oven, employing a non-recovery/heat recovery design and modified wet quenching, stands out for its improved efficiency, environmental friendliness, and contribution to electricity generation. The Captive Power Plant, utilizing waste heat, is expected to generate 15-17 MW of electricity, promoting internal consumption and potentially reducing energy costs.

While the project details highlight the potential benefits of increased self-sufficiency, reduced reliance on external power, and improved environmental performance, certain aspects remain unclear. The timeline for completion, impact on employment and the local economy, and availability of additional details such as permits and environmental clearances are currently unknown. This expansion project underscores KSL's commitment to bolstering its efficiency, self-reliance, and environmental responsibility.

News by Rahul Yelligetti