Steel Authority of India (SAIL), the country’s largest steel maker is planning to spend up to Rs 4,000 crore on the modernization and expansion of its plants in the coming fiscal. The company would fund the capital expenditure through debt.
In 2015-16, the public sector undertaking (PSU) had spent Rs 4,483 crore as capital expenditure. Crude steel production of SAIL, which was at 14.3 million tonnes (MT) in FY16, would increase to 21.4 MTPA post expansion in FY17. The PSU’s saleable steel production, which was at 12.4 MT in 2015-16, would augment to 20.2 MTPA post expansion in 2016-17. The hot metal production, which stood at 15.7 MT in FY16, would reach 23.5 MT post expansion.
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.
