SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

SAIL plans to Rs 72,000 crore to increase overall capacity

25 Feb 2013 Evaluate

In a bid to expand its iron ore production capacity to 23.46 million tones from 13.82 million tonnes, Steel Authority of India (SAIL) is planning to invest Rs 72,000 crore.

Further Out of Rs 72,000 crore, Rs 10,284 crore would be invested in Raw Material Division (RMD) to increase the production of iron ore and Rs 940 crore would be used for increasing the capacity of Kiriburu mines from 4.25 million tonnes per annum to 5.50 million tonnes per annum. Another Rs 900 crore will be invested on adjoining Meghahatuburu mines in West Singhbhum district of Jharkhand to increase capacity from 3 million tonnes per annum (MTPA) to 6.50 million tonnes per annum. Rs 1,091 crore will be invested for enhancing the capacity of the Bolani Mines from 4 MTPA to 10 MTPA.

The most of the packages of these projects have already been awarded and are likely to be completed by 2013-14. Meanwhile the company is also planning to open its mining in Gua Mines in West Singhbhum district, which remained closed since 2011. The company will invest Rs 3000 crore for development Gua Mine up to 10 MTPA capacity along with installation of beneficiation and pelletisation facilities.

The company reported 22.37% fall in its net profit at Rs 701.62 crore for the quarter as compared to Rs 903.76 crore for the same quarter in the previous year. Total income from operation of the company has decreased marginally by 0.55% at Rs 10670.12 crore for quarter under review as compared to Rs 10728.79 crore for the quarter ended December 31, 2011.

SAIL Share Price

173.50 1.95 (1.14%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
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:

×