It is reported that India steel authority (SAIL) announced to expand the production capacity and modernization projects are likely to completed by the end of 2014, when the annual production capacity will increase from 12.8 million tons currently to 21.4 million tons.
Expansion projects can be completed on schedule by the multiplier effect, such as soil conditions, transportation issues and so on.
The company has already invested approximately 444.9 billion rupees so far. In addition, 102.64 billion rupees will be invested, used to improve the capacity of existing mines.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67663&division=A9
