Siemens bags an order from Jindal Stainless Ltd

Siemens Ltd has announced that Siemens VAI along with Siemens Ltd has received an order from Jindal Stainless Ltd. (JSL), for a completely new hot strip rolling mill at its Greenfield project in Orissa. The order includes the plant layout, the mechanical equipment, the drives as well as the entire basic and process automation. Production is scheduled to start in 2009.

Jindal Stainless Ltd. (JSL), is one of the leading producers of stainless steel in India. As a part of its expansion program, Jindal Stainless, which already operates a stainless steel plant in Hisar, Haryana, has decided to build a new 1.800 mm wide hot strip mill to be located in Kalinganagar Durubi, Orissa. The plant will be designed for an annual production of 1.6 million tonnes in the first project phase and will produce austenitic and ferritic stainless steel strips including a minor quantity of plates. In the subsequent project phase, the plant can be upgraded to produce 3.2 mtpa by installing a second reheating furnace, a seventh mill stand and a second down coiler.

The scope of Siemens will be to equip the new mill with the latest state-of-the-art equipment such as hydraulic edger, HAGC in all mill stands, flatness control and Siemens' new laminar cooling model. On commissioning, this stainless steel plant will have one of the most sophisticated hot-strip mills in the country.

Siemens will also provide customer training, monitor installation of all the supplied components and systems as well as commission the installation, including fine adjustment of the technological models and control systems.

Mr. J Schubert, Managing Director, Siemens Ltd stated, "India ranks amongst the top ten steel producers in the world and we have a strong level of participation in this market, especially in the stainless steel segment. In India, we have been providing world-class technologies to many public and private manufacturing Companies. We are privileged to partner with one of India's finest stainless steel producers, which further reflects our inherent strengths and capabilities in this area." He further added, "The diverse applications of the stainless steel have resulted into newer avenues for growth. However, this is clearly defined by superior technologies and production competencies. As a leading global player, Siemens is poised to take advantages of the market opportunities by offering proven world-class solutions in this area."

Commenting on the order Mr. N Sivasubramanian, Executive Vice President, Industrial Services and Solutions Division, Siemens Ltd said, "We are happy to execute this prestigious order along with Siemens VAI. I&S in India has a long and successful track record for executing projects on time both in India and abroad. One of the main reasons why the order was awarded to Siemens was our ability to come up with a fully integrated solution and our successful track record in executing project in the Metals sector. This project is scheduled for final commissioning by 2009."

Source : Equity Bulls

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