Steel Authority of India (SAIL) is in the final stage of planning to nearly double its steel making capacity to 50 million tonne by 2025.
It will require a total investment of Rs 1,50,000 crore. Further, it has received a 30 year mining lease from union mines for iron ore, at Dhul khera village, Bhilwara district, Rajasthan.
Till August 2014, it has already spent Rs 55,444 crore from the total investment of Rs 70,000 for its expansion plan to raise the hot metal capacity to 23 million tonne.
Apart from its steel capacity, SAIL recently completed acquisition of Rio Tinto's coal assets in Mozambique, through International Coal Ventures, and has a 28 per cent stake in the company.