Steel Authority of India (SAIL) is reportedly planning to invest Rs 35,000 crore to expand steel capacity of its unit- Rourkela Steel Plant (RSP) to 10 million tonne (mnt) from four mnt at present. Public sector steel behemoth had spent Rs 12,000 crore on modernization cum expansion plan of RSP that scaled up the plant’s capacity from two mnt to four mnt. It has installed the biggest blast furnace at RSP.
SAIL has already applied for new iron ore mine leases to cater to the expansion of its Rourkela unit. The company has executed the lease deeds with the Odisha government for operation of its Bolani and Barsuan mines.
SAIL is India's largest steel producing company. The company is among the five Maharatnas of the country's Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.
