SAIL to raise capacity to 26 mt
The second phase of expansion to cost about Rs. 10,000 crore
NEW DELHI: State-owned steel maker Steel Authority of India Ltd. (SAIL) on Wednesday said it would increase its annual production capacity in a phased manner, taking it to 26 million tonnes by 2014.
“At present, the company produces about 13.82 million tonnes of hot metal every year. In the first phase of expansion, by the end of 2012, it will be taken up to 23.46 million tonnes and in the second phase it will be increased further to 26.18 million tonnes by 2014,” SAIL General Manager (Materials Management) R. N. Rawat said at a conference organised by mjunction here. The second phase of expansion programme is likely to cost the steel maker about Rs. 10,000 crore. At present, SAIL is undertaking a Rs. 70,000-crore expansion programme to raise its capacity to about 23 million tonnes by 2012.
The PSU had earlier envisaged to double its capacity to 26 million tonnes by 2012, but later revised the target downwards to 23 million tonnes due to global economic slowdown.