Bokaro Steel City is a major industrial centre and the fourth largest city in the Indian state of Jharkhand. It is the headquarters of Bokaro district (one of the most industrialised zones in India) and home to the largest steel plant in India and several other large, medium and small industries.
Bokaro Steel City is the headquarters of the Bokaro District as well as Koylanchal range (Bokaro, Dhanbad and Giridih). It is one of the three headquarters of the Police IG zone, apart from Ranchi and Dumka, covering seven districts — Hazaribagh, Dhanbad, Giridih, Koderma, Chatra, Bokaro, and Ramgarh.
The economy of the Steel City is heavily depended on the steel plant which is the primary source of income for the employees. After the 2001 downturn, steel prices hardened due to a huge rise in consumption by China and India. This resulted in large profits by SAIL which crossed a record Rs 60 billion (USD 1.3 Bn) by the end of FY06. It has maintained its profitability since then with a slight dip to Rs 49 billion (USD 1 Bn) in 2011 due to unfavorable economic conditions of 2011.
A Kolkata-based water pipe manufacturer acquired 2,500 acres (10 km2) of land 18 km from the city and has erected its 2.2 MTPA steel plant. The company has invested close to Rs 80 Bn (USD 1.6 Bn) on this project which was operational from 2010.
Bokaro Airport is used only by private aircraft of SAIL and visiting dignitaries. Bokaro Steel Limited has expressed its readiness to allow the use of its airport for the purpose.
Bokaro will soon figure on the country’s air map as the Airports Authority of India(AAI) will set up a new airport there. A memorandum of understanding (MoU) was signed by AAI and the Jharkhand government for establishing airport in Bokaro in the presence of AAI chairman and Jharkhand chief minister Arjun Munda.
The new airport would have the capacity to allow commercial airliners such as Airbus A320 to land and take off which was not possible from the present airport.