SAIL to invest Rs 1.5 lakh-cr to up capacity to 50 MT by 2025

NEW DELHI: Close to achieving 24 million tonne capacity, SAIL today unveiled plans to take it to 50 million tonnes by 2025, entailing Rs 1.5 lakh crore investment.  "SAIL has formulated its vision document. We intend to ramp up our capacity to 50 mtpa by 2025. Our present hot metal capacity is 14 mtpa. This will go up to 24 mtpa with the completion of ongoing expansion and modernisation works (by next year)," SAIL Chairman    Shri r C S Verma said here today.

 

 

 

"Parallely, we are taking many other modernisation and expansion programmes which will take our capacity to 50 mtpa. This requires capital outlay of approximately Rs 1.5 lakh crore," Verma added.  A Board-level committee has been looking at the proposal and the investments, which would be almost evenly funded through internal generation and debt.

 

 

 

"We will start work on increasing capacity to 50 mtpa as soon as the current phase of expansions is over next year," he had said.

 

The potential of steel demand in the country is huge as per capita consumption, at 57 kg, lags far behind the world average of 214.7 kg and China's average of 459.8 kg.  ECONOMIC TIMES .