PSU IN MEDIA
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 .
News Must Read
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station
- REC Ltd. has incorporated subsidiary company BPTL
- Hon’ble Vice President of India Confers `Outstanding PSU of the Year’ Award on HAL
- BharatPe Launches India’s first All-in-One Payment Device
- NBCC registers historical Performance in FY2023-24