SAIL on Major Expansion Drive

 

NEW DELHI: The country’s largest steel producer SAIL will invest over Rs 10,200 
 
crore on mine development as the domestic steel giant embarks on a modernisation 
 
and expansion programme.
 
 
 
The Maharatna PSU’s modernisation and expansion drive is to enhance its steel 
 
production capacity from 12.8 million tonne per annum (MTPA) to 21.4 MTPA at an 
 
indicative investment of Rs 61,870 crore, Minister of State for Steel Vishnu Deo 
 
Sai said here on Wednesday.
 
 
 
The programme is being undertaken at the SAIL’s facilities in Bhilai, Bokaro, 
 
Rourkela, Durgapur and Burnpur as well as the special steel plant at Salem. 
 
“Besides, a provision of Rs 10,264 crore has also been made towards investment in 
 
mines,”  the minister said.
 
 
 
In 2014-15 also with a capacity of about 110 million tonne, the country produced 
 
around 91.45 million tonne of finished steel with an apparent consumption of about 
 
76.99 million tonne.
 
 
 
 
 
 
 
India has witnessed about 75.5 per cent increase year-on-year in imports of total 
 
steel in 2014-15 and about 24 per cent increase during April 2015-January 2016.
 
“The jump in imports is largely on account of global steel glut. Due to this 
 
reason, steel is being exported by China and other countries, often at below cost 
 
of production.Further, a small quantity of high quality steel, not manufactured
 
locally, are also  imported,” he added.

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