SAIL plans Rs. 60,000 crore expansion in Bokaro in second phase.

Months ahead of completing Bokaro plant's capacity addition to 5.7 million tonnes (MT), Steel Authority of India Ltd. (SAIL) recently said it plans to raise it further by another 10 MTPA with an investment of Rs. 60,000 crore in the second phase.

The investment, which is excluding the ongoing Rs. 6,000- crore outlay for the Bokaro plant, would be the highest among five integrated steel mills where the company plans expansions in order to take overall capacity to 50 MTPA by 2025.

SAIL has around 14 MTPA hot metal capacity now. With the current phase of ongoing expansion at a cost of Rs. 72,000 crore, this would go up to 24 MTPA.

The additional 26 MTPA capacity creation to meet the target of 50 MTPA by 2025 needs Rs. 1.7 lakh crore investment in the second phase.

'This 26 MTPA addition in about 12 years will be financed through internal accruals and market borrowings,' Chairman C S Verma told PTI.


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