Bokaro Steel Plant (BSL), the flagship unit of state-owned Steel Authority of India Ltd (SAIL), will set up a 1.2 million tonne cold rolling mill (CRM) at an investment of Rs.25 billion ($635 million). SAIL's board of directors Wednesday approved the project, Sanjay Tewary, chief of corporate communication of BSL, told IANS over telephone from Bokaro. Cold rolling is a metal working process in which metal is deformed by passing it through rollers to increase its yield strength and hardness. The project will be completed by 2010.
Source: IndiaPRwire
1st February, 2008