04 May
Subrata Roy (CEO – ECIL), participates as Panellist
Essar Constructions India Ltd. (ECIL) – the Indian arm of Essar Projects – is currently executing works for various private sector Steel Plant players in India. Having executed India’s largest single location Integrated Steel facility for Essar Steel (Now AMNS) at Hazira, Essar Projects holds the necessary technical expertise and project management & execution skills to undertake mega scale steel plant projects with external Clients.
To meet India’s growing demand for steel, SAIL has initiated the process of carrying out 20 MTPA expansion and modernisation plan involving a CAPEX of around Rs 1,00,000-crore to raise capacity to 35 MTPA by 2030-31. SAIL-Bokaro Steel Plant (BSP) is planning to expand its capacity under brownfield expansion by around 2.5 MTPA, involving setting up of Blast Furnace, Basic Oxygen Furnace, Thin Slab Caster & Direct Rolling and Calcining Plant.
It is against this backdrop that SAIL organised a Bidders’ Summit to exchange views from the Bidders’ and understand Bidders’ perspective with regards to preferred mode of implementation of these packages – for which ECIL team was invited. Mr. Subrata Roy (CEO – ECIL) and Mr. Sejal Jani (Vice President – Business Development, tendering & Estimation) participated in the same. The Summit was attended by top key personnel from SAIL and industry stalwarts from various EPC companies and Technology providers.
Speaking on the occasion as a panelist, Mr. Roy drove a few important points home as follows:
On one hand Indian steel makers are planning huge CAPEX to expand capacities to meet rising demand for steel. But, at the same time, one cannot overlook the stark realities that India is facing acute shortage of labour and fabrication facilities. By 2030, the labour shortage is expected to reach 30 Million. In case of fabrication facilities, while the requirement is that for 600,000 MTPA, only 250,000 MTPA capacity is currently available. Given these constraints, realisation of SAIL’s ambitious expansion plans by 2030 can only be achieved if a number of EPC contractors with the necessary expertise and mobilization capacity are engaged to work simultaneously on various packages.
About Essar Projects:
Essar Projects is part of the infrastructure portfolio of Essar Global Fund Limited (EGFL). It offers unique collaborative end-to-end project development and delivery models for major projects. Essar Projects has over five decades experience of executing mega scale projects in varied industry segments, like Energy, Minerals & Metals, Offshore and Infrastructure. It’s footprint spreads across India, Middle East, Europe, Americas and the challenging geographies of Africa and Australasia.