| • | Complete renewal of blast furnace No. 2 |
| • | Interior volume and production capacity will be increased significantly |
| • | A total of five hot blast stoves on blast furnaces 1 and 2 will be modernized |
Siemens Metals Technologies has received an order from the state-owned Indian Rashtriya Ispat Nigam Ltd. (RINL) to thoroughly modernize blast furnace No. 2 at Visakhapatnam Steel Plant (Vizag Steel). Interior volume will be boosted from 3,200 to 3,820 cubic meters. This will increase production capacity to 7,150 tons per day. Moreover, a total of five hot blast stoves will be upgraded on blast furnaces 1 and 2 to bring them in line with state-of-art technology. The order volume for Siemens amounts to around 50 million euros, a major portion of which will be accounted for by Siemens India. Capital repair of blast furnace No. 2 is to be completed in the third quarter of 2015, while modernization of the hot blast stoves will be concluded in 2016.