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SAIL to spend Rs. 14,000 crore on projects in FY12

23 Sep 2011 Evaluate

State-runSteel Authority of India Ltd (SAIL) plans to spend Rs. 14,340 crore ($2.9billion) in the current fiscal ending March on capacity expansion projects. Theinvestment is part of the company's programme to expand total steelmakingcapacity at its five integrated plants across India to 21.4 million tonne byMarch 2013. The investment will be on severalprojects to add blast furnaces, cold rolling mills and coke oven batteries.

Peers
Company Name CMP
JSW Steel 1230.00
Tata Steel 183.40
Steel Authority 173.15
Jindal Stainless 724.60
APL Apollo Tubes 2115.85
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