SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

SAIL to expand its hot metal capacity to 23.46 mtpa

07 Jun 2011 Evaluate

 In a bid to meet increasing demand from the infrastructure sector, leading steel manufacturer Steel Authority of India (SAIL) is planning to expand its hot metal capacity to 23.46 million tonnes per annum (mtpa) from 13.8 mtpa at present. In this regard, the company will invest Rs 70,000 crore in the next three years. The investment comprises modernization and expansion of iron ore mining capacity.

The company is also aggressively looking out for allocation of thermal coal blocks. It is also in talks with the governments of Mongolia and Indonesia for setting up steel projects.

Recently, the company had decided to set up a 4-million tonnes-per-annum (mtpa) pellet plant at Gua in Jharkhand to utilize accumulated fines at a cost of Rs 780 crore. The turnkey contract is for installing the plant and is slated to be awarded in May for which the company has already received two bids. The plant is expected to be operational in 2013.

SAIL reported a drop of 27.71% in its net profit of Rs 1507.12 crore for the quarter ended March 31, 2011 as compared to Rs 2084.90 crore for the quarter ended March 31, 2010. Total income declined marginally by 0.78% to Rs 12573.90 crore for the quarter ended March 31, 2011 where as the same was at Rs 12672.69 crore for the quarter ended March 31, 2010.

SAIL Share Price

166.10 2.75 (1.68%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 206.60
JSW Steel 1215.20
SAIL 166.10
Jindal Stainless 779.95
APL Apollo Tubes 2064.15
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:

×