SAIL to undertake massive capacity expansion
Steel

SAIL to undertake massive capacity expansion

According to a recent news release issued on August 8, 2022, the Steel Authority of India's current capacity is 20.63 million tonnes per annum. SAIL intends to raise its crude steel production capacity to 35 million tonnes per year by 2030-2031, in line with the expected rise in crude steel production to 300 million tonnes. SAIL's proposed scale of indicative investment to reach a crude steel capacity of around 35 million tons per year is approximately Rs. 1,100 billion.

The projects for SAIL's capacity growth are financed using a mix of debt and equity, often in a 1:1 ratio. Before moving on to the execution stage, when costs are incurred, the project planning will pass through the preparatory stage. Since these projects are still in the planning stages, no funds have been spent on them yet.

The land bank study is now underway. However, early research suggests that there is land available for the expansion project planned for the first phase.

The New Public Sector Enterprise (PSE) Policy's declared objective is to eliminate the involvement of the government in PSEs (PSEs). The objective of opening up new investment opportunities for the private sector in order to encourage the infusion of private capital, technology, innovation, and best management practices will be undermined if the public sector is permitted to take over or bid for another public sector that has been selected for disinvestment.

As a result, Shri Faggan Singh Kulaste, Minister of State for Steel, stated in a written reply in the Rajya Sabha that SAIL is unable to participate in the plan to acquire RINL.

See also:
SAIL’s consolidated net profit increases by 12% in Q3 FY22
JSW Steel’s crude steel output increases by 31% in May 2022


According to a recent news release issued on August 8, 2022, the Steel Authority of India's current capacity is 20.63 million tonnes per annum. SAIL intends to raise its crude steel production capacity to 35 million tonnes per year by 2030-2031, in line with the expected rise in crude steel production to 300 million tonnes. SAIL's proposed scale of indicative investment to reach a crude steel capacity of around 35 million tons per year is approximately Rs. 1,100 billion. The projects for SAIL's capacity growth are financed using a mix of debt and equity, often in a 1:1 ratio. Before moving on to the execution stage, when costs are incurred, the project planning will pass through the preparatory stage. Since these projects are still in the planning stages, no funds have been spent on them yet. The land bank study is now underway. However, early research suggests that there is land available for the expansion project planned for the first phase. The New Public Sector Enterprise (PSE) Policy's declared objective is to eliminate the involvement of the government in PSEs (PSEs). The objective of opening up new investment opportunities for the private sector in order to encourage the infusion of private capital, technology, innovation, and best management practices will be undermined if the public sector is permitted to take over or bid for another public sector that has been selected for disinvestment. As a result, Shri Faggan Singh Kulaste, Minister of State for Steel, stated in a written reply in the Rajya Sabha that SAIL is unable to participate in the plan to acquire RINL. See also: SAIL’s consolidated net profit increases by 12% in Q3 FY22JSW Steel’s crude steel output increases by 31% in May 2022

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?