Last Updated :
10 March 2010 at 18:00 IST
India's SAIL to increase steel output
NEW DELHI (Commodity Online) : Steel Authority of India (SAIL) plans to increase its annual capacity to 26 million tones by 2014 from the current 14 million tones.
Speaking to newsmen here SAIL General Manager R N Rawat said, "By the end of 2012 during our first phase of expansion, we have a target to achieve production up to 23.46 million tones per annum”.
“In the second phase, we have a target to reach 26.18 million tones per annum," he said.
The expansion programme now underway would cost Rs.70,000-crore ($14 billion) and raise the annual production capacity to about 23 million tones by 2012 from the current 13 million tones.
SAIL, the state-run steel maker has revised the annual production capacity to 23 million tones by 2012 from an earlier target of 26 million tones following the economic downturn worldwide.
The second phase of the expansion is expected to cost Rs.10,000 crore.
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