SAIL plans next phase of capacity expansion to 50 mtpa in 2023-24
Steel

SAIL plans next phase of capacity expansion to 50 mtpa in 2023-24

Steel Authority of India (SAIL) will begin its next phase of modernisation and capacity expansion to over double its installed crude steel production to 50 million tonne per annum (mtpa) in 2023-24.

The company is to complete a Rs 70,000 crore modernisation and expansion programme, after which the capacity will increase to 21.4 mtpa.

The company's management said that SAIL's next phase of modernisation and expansion is likely to start from FY24. The company is looking forward to expanding its capacity by 12 to 14 mtpa in the first phase at Bokaro, Burnpur (IISCO) and Rourkela.

The company has already completed land surveys in Rourkela and Bokaro and has land parcels to support brownfield expansion.

According to a report, the company aims to clear much of the debts before beginning the expansion plans and finance the new expansion phase at a 1:1 debt-to-equity ratio.

In the first phase of expansion, the company aims to strengthen its Durgapur Steel Plant from 2.5 mtpa to 7.5 mtpa. The Rourkela Steel Plant is proposed to expand from 3.7 mtpa to 8.8 mtpa, Bokaro Steel Plant will be increased to 9.5 mtpa, and IISCO to 3 mtpa and then 7.3 mtpa in the next phase of expansion.

There are no plans to raise the capacity of the Bhilai Steel Plant in the first phase, but in the second phase, it will be raised to 12 mtpa from 7 mtpa and then 14 mtpa by 2030.

The capacity expansion of SAIL is in accordance with the National Steel Policy, which aims for 300 mtpa installed capacity by 2030-31.

Image Source

Steel Authority of India (SAIL) will begin its next phase of modernisation and capacity expansion to over double its installed crude steel production to 50 million tonne per annum (mtpa) in 2023-24. The company is to complete a Rs 70,000 crore modernisation and expansion programme, after which the capacity will increase to 21.4 mtpa. The company's management said that SAIL's next phase of modernisation and expansion is likely to start from FY24. The company is looking forward to expanding its capacity by 12 to 14 mtpa in the first phase at Bokaro, Burnpur (IISCO) and Rourkela. The company has already completed land surveys in Rourkela and Bokaro and has land parcels to support brownfield expansion. According to a report, the company aims to clear much of the debts before beginning the expansion plans and finance the new expansion phase at a 1:1 debt-to-equity ratio. In the first phase of expansion, the company aims to strengthen its Durgapur Steel Plant from 2.5 mtpa to 7.5 mtpa. The Rourkela Steel Plant is proposed to expand from 3.7 mtpa to 8.8 mtpa, Bokaro Steel Plant will be increased to 9.5 mtpa, and IISCO to 3 mtpa and then 7.3 mtpa in the next phase of expansion. There are no plans to raise the capacity of the Bhilai Steel Plant in the first phase, but in the second phase, it will be raised to 12 mtpa from 7 mtpa and then 14 mtpa by 2030. The capacity expansion of SAIL is in accordance with the National Steel Policy, which aims for 300 mtpa installed capacity by 2030-31. Image Source

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code