C. S. Verma, chairman of Indian state-owned steel producer Steel Authority of India Limited (SAIL), has said that the company is ready "to cater to the increased steel demand in a cost-effective manner by way of adoption of modern technology, automation, improvement in product quality, enriched product basket and process efficiency," outlining the company's strategy for growth at the company's 42nd Annual General Meeting held on Tuesday, September 23.
He expressed optimism that the Indian government's focus on accelerating growth in manufacturing and infrastructure, adding that SAIL's Vision 2025 document entails a production capacity increase of pig iron to 50 million mt.
The SAIL chairman said that from May this year the entire integrated process route at Rourkela Steel Plant including new sinter plant, the coke oven battery No. 6, the blast furnace No. 5 - the largest operating blast furnace in the country, the BOF No. 3, the new slab caster and the plate rolling facility in the new one million mt per year plate mill have become operational.
