Steel Authority of India (SAIL) plans to double its capacity in 10 years.
SAIL intends to double its capacity to 50 million tonne by 2025 involving an investment of Rs 1,35,000 crore.
The expansion will be executed in two phases. The capacity will be increased from 23.5 million tonne per annum in 2015-16 to 35 million tonne per annum by 2020 at the end of the first phase and then to 50 million tonne per annum by 2025-26.
Currently, SAIL is increasing its capacity, estimated to cost Rs 72,000 crore, which will see the steel-maker’s capacity go up to 23.5 million tonne per annum by the end of 2015-16.