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SAIL to spend Rs 6,000 crore on various modernization, expansion programmes

16 May 2016 Evaluate

SAIL is planning to spend around Rs 6,000 crore on various modernisation and expansion programmes as well as on research and development (R&D) initiatives. In 2015-16, the public sector undertaking (PSU) had spent Rs 4,483 crore as capital expenditure.

The money will go to energy saving methods, enrich product mix, pollution control, developing mines and collieries to meet higher requirement of key inputs and to introduce customer centric processes.

Meanwhile, the country’s largest steel maker is in the process of enhancing hot metal production capacity from 13.82 million tonnes per annum (MTPA) to 23.46 MTPA under its expansion and modernisation programme with an investment of Rs 61,870 crore, which is expected to be completed this fiscal.

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.

 

 

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