SAIL to invest Rs.14,337 Cr on enhancing capacity

New Delhi: Steel Authority of India (SAIL) plans to invest Rs 14,337 crore for its capacity expansion in its existing five major plants next fiscal.

SAIL's Rourkela facility would get Rs 2,619 crore, IISCO Rs 2,100 crore, Bokaro Rs 1,700 crore, Durgapur Rs 950 crore and the Salem facility Rs 100 crore among others.

Major scheme in the outlay is for expansion of Rourkela, Bokaro and IISCO Steel Plants.

In Rourkela the company plans to install a 700 tpd oxygen plant and installation of a coke oven gas holder besides increasing capacity.

SAIL has three alloy steel plants at Durgapur, Salem and Bhadravati in Karnataka.

Apart from domestic expansion plans, the firm also eyes to set up four plants of 3 million tonne per annum capacity each in Oman, Afganisthan, South Africa and Mongolia with an estimated investment of $12 billion.