SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

SAIL receives clearance for Rs 5,419-crore expansion, modernization project at Rourkela plant

31 Aug 2016 Evaluate

Steel Authority of India (SAIL) has received an Environment Clearance (EC) for Rs 5,419-crore expansion and modernization project at its Rourkela plant in Odisha. SAIL’s proposal was examined in the recent meeting of the Expert Appraisal Committee (EAC) under the Environment Ministry.

The company had proposed modernization of its Rourkela Steel Plant (RSP) by setting up a new hot strip mill with a production capacity of 3 million tonnes a year (MTPA), beneficiation plant of 3.3 MTPA and pellet plant of 2 MTPA. It also seeks to enhance production capacity of special plates from 0.003 to 0.015 MTPA within the premise of RSP.

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.



SAIL Share Price

172.65 -0.85 (-0.49%)
20-Apr-2026 10:10 View Price Chart
Peers
Company Name CMP
Tata Steel 211.45
JSW Steel 1252.45
SAIL 172.65
Jindal Stainless 783.10
APL Apollo Tubes 2115.00
View more..

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×