Patna, (Bihar Times): Minister of steel and fertilizer, Ram Bilas Paswan, on Monday laid the foundation stone of a steel processing plant in Kumarbagh in West Champaran district. This is the first steel plant to be set in the post-Jharkhand Bihar.

Speaking on the occasion the minister said that another such plant would soon come up in Mahnar block of Vaishali district. There are ten such plants of the Steel Authority of India in seven states of the country.

Incidentally only a day earlier on Sunday the chief minister, Nitish Kumar, while speaking on the occasion of the inauguration of tractor factory in Fatuha called on the SAIL to expand its activities and set up a plant in Bihar.

The steel processing plant at Kumarbagh will cost Rs 300 crore and will be spread in 50 acres of land.

The managing director of Bokaro Steel, V K Srivastava said that this plant would develop in two phases. The steel secretary of India, R S Pandey, who incidentally hails from Lauriya in West Champaran district said that the investment in this plant is the biggest in the steel plant in Bihar.

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