State-run Steel Authority of India Ltd (SAIL) has lowered its production capacity target by over 10% to 23.46 million tonne per annum (mtpa) as against earlier announced 26.18 million tonnes by 2011-12. The company will invest Rs 59,900 crore for the expansion.
The current installed production capacity of the company is about 14 million tonne per annum. The state-owned company also plans to ramp up its crude steel and saleable steel output to 21.40 million tonne and 20.23 million tonne, respectively. SAIL was earlier planning to increase crude steel and saleable steel to 24.59 million tonne and 23.13 million tonne, respectively by 2012.
The company said that the demand for long products remains weak. The company may cut prices of long products, depending on demand, and doesn't expect to increase prices of long and flat products in August.
crackcrack| Company Name | CMP |
|---|---|
| Tata Steel | 212.05 |
| JSW Steel | 1239.90 |
| SAIL | 173.50 |
| Jindal Stainless | 787.90 |
| APL Apollo Tubes | 2105.45 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: