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SAIL’s capacity expansion project to miss target again

30 Aug 2013 Evaluate

SAIL’s capacity expansion project’s significant part worth around Rs 19,000 crore is likely to miss the revised deadline of 2013-14. It had aimed augmentation of its hot metal output, the benchmark for capacity, to 22 million tonnes (mt) a year by the financial year 2012-13. The company has made the Rourkela’s 2-million-tonne blast furnace functional this year and may add another 2.4 mt at Burnpur before the end of the fiscal. 

Earlier, the steel maker has extended the timeline to 2013-14, because of inordinate delays in executions, particularly for commissioning of blast furnaces and steel melting shops in two of its plants, SAIL extended the timeline to 2013-14. Now, SAIL sources said the PSU steel maker may once more miss its deadline.

 

 

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