State-owned SAIL has began engaged on plans to develop its manufacturing capability by 15 million tons within the first part, mentioned Amarindo Prakash, chairman of the corporate.
Its present metal manufacturing capability is about 20 million tons every year, Prakash mentioned.
“It has been launched. Within the first part, we’re increasing it to 35 metric tonnes. So, the primary part is 15 metric tonnes,” the Chairman mentioned in response to a query on SAIL’s growth plans.
Concerning the timeline and funding quantity concerned within the growth plan, he mentioned the corporate is actively engaged on Detailed Venture Reviews (DPRs) and sharing any determine can be a troublesome job at current.
Requested in regards to the financing mannequin, Prakash mentioned SAIL will use its personal funds and also will search market assist to fund the growth.
“(The financing) will probably be a mixture of inside and market accruals. The metal business is a big capital expenditure-intensive business. So, we will probably be out there for funds,” he famous.
The senior official mentioned that the corporate won’t solely develop its metal manufacturing capability, however may also create new applied sciences and develop logistics infrastructure for the motion of uncooked supplies and completed merchandise.
The Metal Authority of India Restricted (SAIL), underneath the Ministry of Metal, has 5 built-in crops and three non-public metal crops at numerous areas within the nation.
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First revealed: November 19, 2023 | 11:29 am he
(Tags for translation)Metal Authority of India