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SAIL plans to invest Rs 1.31 lakh crore for capacity expansion

10 Jul 2012 Evaluate

In a bid to expand its production capacity to 45 million tonnes per annum (mtpa) by 2020, Steel Authority of India (SAIL) is planning to invest Rs 1.31 lakh crore. At present, the company has a crude steel production capacity of 12.84 mtpa and it is in middle of expanding the same to 21.40 mtpa with an investment of Rs 72,000 crore.

The company, which operates five integrated steel plants, is planning to expand capacity at four of them, leaving IISCO Steel plant at Burnpur out of the expansion purview.

Further, at the Bokaro Steel Plant, the company is proposed to increase the production capacity to 16.75 mtpa from 4.62 mtpa while, the company will also expand the production capacity of Durgapur facility to 8.8 mtpa from 2.2 mtpa. Three mtpa capacity would be raised in both Durgapur and Rourkela steel plants.

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