SAIL starts ‘land bank study’ to expand steelmaking capacity to 50 million mt per year by 2030

Friday, 10 September 2021 10:18:48 (GMT+3)   |   Kolkata

Indian state-run steel producer Steel Authority of India Limited (SAIL) has started a ‘land bank study’ to assess the availability of land at its existing steel mills and to explore options of new land acquisition if necessary as a precursor to its plans to expand its steelmaking capacity to 50 million mt per year, company chairperson Soma Mondal informed shareholders on Friday, September 10.

“In line with the government’s National Steel Policy 2017, SAIL has formulated its Vision 2030, whereby it is envisaged to enhance the crude steel capacity to 50 million mt,” she said.

The last phase of expansion undertaken by SAIL entailed increasing capacity from 12.8 million mt to 21.4 million mt. However, the expansion conceived in 2006-07 was delayed due to the global financial crisis in 2008, she said.

The modernization and expansion of SAIL’s mills at Rourkela, Burnpur, Durgapur, Bokaro and Bhilai have been completed now, Mondal said.

Most Recent Related Articles

India’s Balu Forged takes charge of Hilton Metals factory with renting deal

SAIL’s Rourkela mill achieves highest-ever steel output in H1 FY 2021-22

SAIL’s Bhilai steel mill commences production of special grade steel rails

Secondary product and iron ore fines sales contribute to SAIL’s 10-year high profits

SAIL’s IISCO mill develops, produces parallel flange beams