State-owned steel major Steel Authority of India (SAIL) is planning to expand its hot metal capacity to 50 mtpa by 2025 from 14 mtpa at present. This requires capital outlay of around Rs 1.5 lakh crore which will be funded almost evenly through internal generation and debt. Simultaneously, the company is working on many other modernisation and expansion programmes, which will take its capacity to 50 mtpa by 2025.
The proposed capacity expansion to 50 mtpa is in line with the Prime Minister Manmohan Singh's vision of enhancing India's steel-making capacity to 300 mtpa by 2025, from 85 mtpa at present.
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.
