SAIL to invest over Rs 10,200 crore on mine development

Steel Authority of India (SAIL) is planning to invest over Rs 10,200 crore on mine development as the domestic steel giant embarks on a modernization and expansion programme. The Maharatna PSU’s modernization and expansion drive is to enhance its steel production capacity from 12.8 million tonnes per annum (MTPA) to 21.4 MTPA at an indicative investment of Rs 61,870 crore.

The programme is being undertaken at the SAIL’s facilities in Bhilai, Bokaro, Rourkela, Durgapur and Burnpur as well as the special steel plant at Salem.

SAIL is India's largest steel producing company. The company is among the five Maharatnas of the country's Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.