Techno Economic Feasibility Report of M/s K I C metaliks Ltd At:
Raturia,Durgapur, Dist: Burdwan, West Bengal
2.3 NEED OF THE PROJECT AND ITS IMPORTANCE TO THE COUNTRY
AND OR REGION
Steel is traditionally considered the backbone of national economic development. It is a
major input into sectors which support economic growth such as infrastructure,
machinery, power and railways, as well as being important for fast growing sectors, in
particular automobiles and consumer durables.
The steel industry in India is currently at an inflexion point brought about by ambitious
capacity expansion plans, entry of new players and increased competition on one hand
and consistently rising and shifting demand patterns on the other.
This rise in demand is expected to be driven by the construction, automobile and
consumer durables sectors
In the construction sector, Government spending in infrastructure is expected to surge
during the twelfth plan period, thus driving up demand for steel used in construction.
Most steel producers are planning major capacity expansions through both Greenfield
and Brownfield expansions. This, coupled with the entry of new players will result in a
significant rise in steel production over the next ten years.
TMT rods as proposed to be manufactured by the company are most suitable in
construction due to its high workability.
The other proposed product of M/s K I C Metaliks Ltd is Ductile Iron pipes. Ductile Iron
pipe is corrosion resistance and it has good maximum strength, it is installed for water
distribution, Industrial equipment, sewage pump, etc. With the “green movement”
growth which considers to the environmental issues, ductile iron pipe stands as natural
selection compared to its competitor, PVC. PVC pipe has negative effects to the
environmental life cycle cause of its resin matter and carbon footprint.
Ductile Iron pipe resists damage during shipping and handling, and, once installed,
withstands the most demanding operating conditions, including water hammer, frozen
ground, deep trenches, areas of high water table and heavy traffic, river crossings, pipe
on supports, rocky trenches, and areas of shifting, expansive, and unstable soils. More
over Ductile iron pipe in the developed world is normally manufactured exclusively from
recycled material including scrap steel and recycled iron. The pipe can be recycled after
use.
The above stated facts indicate importance of both the products in the development of a
country. Durgapur is steel city of West Bengal and having iron scraps available around to
be utilized. Again Iron and coal mines are also nearby with water supply from perennial
river Damodar therefore resources of the state to be utilized and employment generation
both direct and indirect main and ancillary plants will improve economy of the state,
increase tax collection of state of West Bengal and improve physical and social
infrastructure of the locality.
Thus proposed integrated steel project has make in India importance to the country &
the region.