Trade Resources Industry Views INR 10,000 Crore Has Been Earmarked for Expansion and Modernization of SAIL Mines

INR 10,000 Crore Has Been Earmarked for Expansion and Modernization of SAIL Mines

Steel Authority of India Limited has undertaken expansion and modernization of its integrated steel plants at Bhilai, Bokaro, Rourkela, Durgapur, Burnpur and Salem.

In the current phase, the crude steel capacity is being enhanced from 12.84 million tonnes per annum to 21.4 million tonnes per annum. The indicative investment for current phase is about INR 61,870 crore.

In addition, INR 10,000 crore has been earmarked for expansion and modernization of SAIL mines.

RINL has also almost completed expansion from the existing 3 million tonne per annum to 6.3 million tonne per annum of liquid steel at a cost of INR 12,291 crore.

NMDC Ltd is setting up a 3 million tonne per annum green field Integrated Steel Plant at Nagarnar, District Bastar, Chhattisgarh State.

Source: http://www.steelguru.com/indian_news/Year_end_review_2012_Expansion_and_Modernization_Plans_of_PSUs/297107.html
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Year End Review 2012 - Expansion and Modernization Plans of PSUs
Topics: Metallurgy