PTI reported that country's major steel makers are set to add around 24 million tonnes per annum capacity through brown field expansions by 2017-18 involving investments to the tune of INR 0.1 million.
According to a Steel Ministry data, the current capacity of the ten major Indian steel makers stands at 54.5 million tonne per annum and this will go up to 78.5 million tonne per annum by FY'18 with the ongoing capacity expansions at their existing plant locations.
Over half of the proposed expansions will come from the two state run firms Steel Authority of India and Rashtriya Ispat Nigam. It normally takes about INR 4,000 crore investment to hike steel capacity by one million tonnes.
SAIL's capacity expansion in all of its 5 major plants will take its capacity to 21.40 million tonne per annum from 12.84 million tonne per annum now, RINL is on the verge of completing its expansion to 7 million tonne per annum from 3 million tonne per annum now.
TATA Steel's capacity will increase, through brown field expansions, at its Jamshedpur facility to 9.7 million tonne per annum from 6.8 million tonne per annum now. Capacity of JSW Steel would also go up to 16.5 million tonne per annum from 14.3 million tonne per annum at present.
The data said that Essar Steel, which has recently increased its capacity at its Hazira plant to 10 million tonne per annum, however, is not going for a further increase.
It said that among the firms having lower capacity presently, Jindal Steel and Power's capacity through brown field expansions will go up by 0.75 million tonne per annum to 4.25 million tonne per annum by FY'18.
Source - PTI
