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.
| Company Name | CMP |
|---|---|
| Tata Steel | 187.15 |
| JSW Steel | 1237.70 |
| Steel Authority | 166.80 |
| Jindal Stainless | 703.90 |
| APL Apollo Tubes | 1829.10 |
| View more.. | |
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