SAIL has planned to invest $8 billion amounting around Rs 42,000 crore in the state of Chhattisgarh. The state-owned steelmaker had already invested $12 billion in the state. The company also plans to enhance the capacity of its Bhilai steel plant from 4 million tonnes per annum (MTPA) to 10 MTPA.
The company has reported a jump of 7% in hot metal production in the July-September 2012 period over corresponding period last year, with a production of 3.6 million tonnes (MT) in Q2FY13. The crude steel reported a jump of 5% and production stood at 3.39 MT while the saleable steel production was up by 4% and stood at 3.17 MT in Q2FY13.
Further, for April-September, 2012 period, the company has registered a 3% growth in production of both hot metal and crude steel, over corresponding period last year. This was due to improved techno-economic parameters in first half of current fiscal supported by the growth trend with BF productivity, specific energy consumption and coke rate registering improvements of 4%, 3% and 2% respectively.
