SAIL to spend Rs 72,000 cr, raise capacity by 70% - Steel Authority Of India Ltd. Latest News

Unveiling ambitious expansion and modernisation plans for its units, steel behemoth SAIL is all set to pump in Rs 72,000 crore to raise production from 14 million tonnes per annum to 24 million tonnes in two years. By the end of 2013 SAIL's annual production would be enhanced to about 24 million tonnes from the existing 14 million tonnes per annum. For this Rs 72,000 crore is being invested on expansion programmes. Entire modernisation and expansion work would be completed in a phased manner in all steel plants of SAIL which seeks to raise its capacity to 40 million tonnes to 60 million tonnes per annum after eight years. Out of Rs 72,000 crore, an amount of Rs 10,500 crore would be spent in Raw Material Division (RMD), Rs 56,000 crore will be spent in purchasing machinery for expansion and modernisation of units. About Rs 32,000 had already been spent. An amount Rs 12,000 crore would be invested in Rourkela Steel Plant (RSP) for completion of expansion and modernisation in phased manner to increase capacity from two million tonnes per annum to 4.2 million tones.

Company Name	CMP
JSW Steel	1230.00
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Company Name

CMP

1230.00

183.40

173.15

724.60

2115.85

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