SAIL may invest Rs. 1.5 lakh crore for raising capacity to 50 MTPA.

SAIL is likely to invest around Rs. 1.5 lakh crore to raise its hot metal making capacity to 50 million tonnes per annum (mtpa) from 23 mtpa, planned under ongoing modernisation and expansion by 2025, the Parliament was informed recently.

'Steel Authority of India Ltd. has prepared a draft plan (Vision-2025) to increase its hot metal production to approx. 50 million tonnes by 2025 (in a phased manner), mainly through brown-field expansion,' Steel Minister Narendra Singh Tomar recently said in Rajya Sabha.

'The proposal is under consideration of SAIL management,' he said, detailing the expansion plans of the steel maker in the coming 10-15 years.

SAIL is raising its hot metal capacity to 23.4 mtpa from 13.8 mtpa now with Rs. 72,000 crore investment. Expansions are at the advanced stages of implementation.

ET