Bokaro Steel Plant- Bokaro

Bokaro Steel Plant (BSL) is located in the Bokaro district of Jharkhand. It is the fourth integrated public sector steel plant in India built with Soviet technology.It is the second largest steel plant in India after Bhilai Steel Plant and 3rd largest in Asia in-terms of area(10 km x 5 km).Bokaro Steel Plant (BSL) is located in the Bokaro district of Jharkhand. It is the fourth integrated public sector steel plant in India built with Soviet technology.It is the second largest steel plant in India after Bhilai Steel Plant and 3rd largest in Asia in-terms of area(10 km x 5 km).

History

Bokaro Steel project in the late 1950s, as political elites in several other states of India made the case for building a steel plant in Bokaro rather than in Bihar.The factors other than natural endowment were involved in the decision — after all, rich deposits could be found in various locations throughout the country. As several scholars have noted, certain non-economic imperatives related to the project of post-colonial nation-building played a significant role.

The achievement of Self-Sufficiency is a long process, and even as PM Jawaharlal Nehru worked towards that goal, the nation was drawn into closer involvement with the Soviet Union. In September 1964, the Soviets confirmed their readiness to assist in the construction of the huge Bokaro Steel Plant.

The Soviet Union has traditionally managed to secure generous returns on its aid program in India.The principal redeeming feature of the preliminary agreement between Bokaro Steel and Gipromez is the Russian commitment that they would see it through to 4 million tonnes ingot capacity, though the phasing and completion dates. Heavy Engineering Corporation with help of Gipromez developed the equipment according to Russian specifications. BSL engineers were trained by the Soviet engineers, there was also a dedicated Russian colony for their stay.The prestigious firm of M. N. Dastur and Company was actively associated with the early planning of the project and had the competence to assess critically the proposed Soviet designs, however, muscled out by the Soviet negotiators from the final aid contract to the chagrin of an articulate and aroused public opinion cutting across most political parties.

The steel plant was incorporated as a limited company in 1964. It was later merged with the state-owned Steel Authority of India Limited (SAIL). The steel plant started operation in 1972 with Bokaro city construction completed.

Bokaro Steel project in the late 1950s, as political elites in several other states of India made the case for building a steel plant in Bokaro rather than in Bihar.The factors other than natural endowment were involved in the decision — after all, rich deposits could be found in various locations throughout the country. As several scholars have noted, certain non-economic imperatives related to the project of post-colonial nation-building played a significant role.

The achievement of Self-Sufficiency is a long process, and even as PM Jawaharlal Nehru worked towards that goal, the nation was drawn into closer involvement with the Soviet Union. In September 1964, the Soviets confirmed their readiness to assist in the construction of the huge Bokaro Steel Plant.

The Soviet Union has traditionally managed to secure generous returns on its aid program in India.The principal redeeming feature of the preliminary agreement between Bokaro Steel and Gipromez is the Russian commitment that they would see it through to 4 million tonnes ingot capacity, though the phasing and completion dates. Heavy Engineering Corporation with help of Gipromez developed the equipment according to Russian specifications. BSL engineers were trained by the Soviet engineers, there was also a dedicated Russian colony for their stay.The prestigious firm of M. N. Dastur and Company was actively associated with the early planning of the project and had the competence to assess critically the proposed Soviet designs, however, muscled out by the Soviet negotiators from the final aid contract to the chagrin of an articulate and aroused public opinion cutting across most political parties.

The steel plant was incorporated as a limited company in 1964. It was later merged with the state-owned Steel Authority of India Limited (SAIL). The steel plant started operation in 1972 with Bokaro city construction completed.

Products
Bokaro Steel Plant is designed to produce a wide range of products:

1. Hot rolled coils
2. Hot rolled plates
3.  Hot rolled sheets
4. Cold rolled coils (CRM)
5. Cold rolled sheets
6. Tin mill black plates
7. Galvanised plain and corrugated sheets
8. Oxygen gas
9. Hydrogen gas
10. Coke oven byproducts
11. Railway tracks
12. DMR grade
13. Steel pipes
14. low weight Stainless steel
15. Jackal steel
16. SeQR TMT Bars

Bokaro has provided a strong raw material base for a variety of modern engineering industries including automobile, pipe and tube, LPG cylinder, barrel and drum producing industries.

Financials
Bokaro Steel Plant has achieved a net profit of Rs 600 crore during the financial year 2022-23, which is 45% of SAIL’s total profit of Rs 1330 crore.

Bokaro Steel Plant

Company type: part of SAIL
Industry: Steel
Founded: 1964
Headquarters: Bokaro, Jharkhand, India
Products: Hot Rolled & Cold Rolled
Revenue: $900 million(2022)
Net income: $75 million(2022)

M47H+M7F, Marafari, Bokaro Steel City, Jharkhand 827001