Steel Authority of India (SAIL), the country’s largest steel producer, is planning to increase the iron ore production capacity to 43 million tonne per annum (mtpa) by 2015-16 from the existing 28 mtpa. Further, the company is in the process of investing Rs 70,000 crore on its mines and steel plants.
The company is planning to increase production capacity of its Kiriburu mines to 5.5 mtpa from 4.25 mtpa now, while the company is also planning to raise production capacity at Meghataburu and Bolani mines to 6.5 mtpa and 10 mtpa, from 4.3 mtpa and 4.1 mtpa respectively. The company has same plans to various other mines.
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.
