page_title: Asansol
section_title: Steel
hierarchical_section_title: Asansol / Economy / Steel
caption_attribution_description: English: modernization of ISP
context_page_description: Asansol is a city in the Indian state of West Bengal. It is the second largest and most populated city of West Bengal and the 39th largest urban agglomeration in India. Asansol is the district headquarters of Paschim Bardhaman district. According to a 2010 report released by the International Institute for Environment and Development, a UK-based policy research non-governmental body, Asansol was ranked 11th among Indian cities and 42nd in the world in its list of 100 fastest-growing cities. Asansol is classed as a Y-category city for calculation of HRA for public servants, making it a Tier-II city.
context_section_description: The Steel Authority of India IISCO (Indian Iron and Steel Company Ltd) steel-making plant at Kulti was the first such facility in India. It became well known during the 1960s and 1970s, with its company shares being traded on the London Stock Exchange. However, a decade later the company became loss-making until it was revived in 2006 when it merged with the Steel Authority of India. Modernisation at IISCO Steel Plant has helped the city develop at a very rapid pace. The plant's capacity will be raised from 0.4 MT to 2.5 MT of saleable steel, using what will be the biggest blast furnace in the country. As of 2015, the investment for modernization was the single largest investment in West Bengal till then.
caption: Modernised ISP
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