SAIL to spend Rs. 14,000 crore on projects in FY12

State-runSteel Authority of India Ltd (SAIL) plans to spend Rs. 14,340 crore ($2.9billion) in the current fiscal ending March on capacity expansion projects. Theinvestment is part of the company's programme to expand total steelmakingcapacity at its five integrated plants across India to 21.4 million tonne byMarch 2013. The investment will be on severalprojects to add blast furnaces, cold rolling mills and coke oven batteries.