Steel Authority of India (SAIL) is planning to increase its steel manufacturing capacity to 24 million tonnes per annum (mtpa) next year from 14 mtpa at present. Further, the company will raise the steel manufacturing capacity to 50 mtpa by 2022 with an investment of Rs 1.2 lakh crore.
The company will carry out most of the planned expansion through brown-field expansions in existing five steel mills, barring one proposed at Sindri in Jharkhand, where the company plans to set up a 5.6 mtpa green-field steel plant.
SAIL is India's largest steel producing company. With a turnover of Rs. 49,350 crore, the company is among the five Maharatnas of the country's Central Public Sector Enterprises. SAIL has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.
