Steel Authority of India (SAIL) is reportedly planning to invest Rs 150,000 crore till 2025 to ramp up steel production from 24 million tonnes to 50 million tonnes. The total investment for West Bengal would work out to Rs 40000 crore. Further, a fresh MoU will be signed with Kobe for the upgraded technology. The project will come up at Durgapur and use the Japanese steel maker's patented iron making technology.
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.
