Country's Largest Steel Maker SAIL plans Rs 1,50,000 crore investment by 2030-31

Highlights:

  • The largest steel maker of India has charted investment of Rs 1,50,000 crore till 2030-31 to ramp up steel production from 23 million tonnes to 50 million tonnes.
  • The PSU steel maker indicated that the investment line-up would encompass both brownfield and greenfield expansion.
  • Of the Rs 1.5 lakh crore capital expenditure plan, Rs 40,000 crore will be invested in West Bengal in new capacities and allied activities, including mining.
  • West Bengal is set to get the country's first iron-ore nuggets plant that would be built in collaboration with Kobe Steel.
  • A 50:50 joint venture has been formed with Kobe Steel to set up a commercial plant for making iron ore nuggets.
  • The project will come up at Durgapur and use the Japanese steel maker's patented iron making technology.