SAIL to invest Rs. 7,000 cr in value addition.

Liquefied petroleum gas (LPG) cylinders that are lighter in weight, earthquake-resistant plates, deep-drawing steel for the auto sector, and special plates for naval applications are some of the new items in the product portfolio of SAIL, India’s largest steel producer.

The company will invest over Rs. 7,000 crore for value addition and product mix improvement under its Rs. 70,000-crore modernisation and expansion plan. 'After the expansion and modernisation, the proportion of branded products in SAIL’s portfolio will go up to around 25 per cent from the current 15 per cent,' C S Verma, chairman and managing director of SAIL, told Business Standard.

BS