ArcelorMittal Steel giant ArcelorMittal is looking to set up a 12 million tonne greenfield plant in Bokaro. The company is now looking for 8,000 acres (32 km) of land but primarily take 2,500-acre (10 km) of land at Petarwar/Kasmar (in Bokaro district) just 20 km from City, nearby on NH-23. The company has been allocated 32-35 million cubic meter of water to be drawn from the Tenughat dam. In another move ArcelorMittal are to use the spare land of SAIL by establishing a new steel plant of 3-4 ml/ton capacity of 50:50 JV with PSU in BSL premises itself by the investment of $2.7 billion.
Tata Steel- Tata Steel wants to set up a steel plant with a capacity of 2-3 million tonnes at an investment of up to Rs. 14,000 crore in Bokaro along with SAIL. The jointly owned plant is proposed to come up on a 1,000-acre (4.0 km) plot of land that belongs to SAIL.
SAIL-POSCO JV Steel Plant steel minister Sri Virbhadra Singh has announced another new steel plant for Bokaro as part of a joint venture with Posco and SAIL by using FINEX technologies for high quality steel. The capacity of the plant will be 1.5 mt, establish in BSP periphery of 500 acres (2.0 km).
Monnet Ispat & Energy Ltd Monnet, which signed an MoU on February 5, 2003, has identified 1,300 acres (5.3 km) for its project. Monnet Ispat will invest over Rs 14,000 crore for the project and is also building a 280-mW power plant.
DVC and SAIL has a joint venture of 50:50 to extend the capacity of Bokaro power plant from 500 MW to 1000 MW.
