Manufacturing capacity of Steel Authority of India (SAIL) will go up to 19 million tonne (MT) next fiscal from 14 MT now, with the start of production in two blast furnaces. SAIL has embarked on a whopping Rs 72,000 crore expansion plan intending to take its steel-making capacity to 24 mt by 2013-14. The company also plans to further expand its capacity to 45 MT by 2020. SAIL's Rs 12,650 crore capital expenditure plan for the current fiscal was the highest in its history. Next fiscal, it is expected to go up further to Rs 14,500 crore. The SAIL-Posco joint venture aims to set up a plant at an investment of Rs 16,000 crore in Bokaro to produce 3 mtpa auto-grade steel at Bokaro.
