In order to raise its production capacity, from the current million tonne per annum (mn tpa), state-run Steel Authority of India (SAIL) proposes to invest Rs 13,000 crore in 2013-14.
Of the total amount, Bhilai Steel Plant may get the highest share at Rs 5,900 crore for installation of a 700 tonnes per day (tpd) oxygen plant, a hot metal de-sulphurisation unit and a railway track.
Rourkela Steel Plant would receive a total of Rs 2,400 crore for expansion and a 700 (TPD) oxygen plant and a coke oven gas holder, among others.
The company proposes to fund the above investment from its internal resources. The proposed investment represents an increase of Rs 1,000 crore than SAIL is expected to put in the current fiscal, but Rs 1,500 crore lower than the budgetary estimate for the current fiscal, the 2013-14 Budget documents revealed.
The Bokaro Steel Plant of the company would get Rs 1,425 crore for expansion and setting up of a steel processing unit at Bettiah, among others.
An outlay of Rs 900 crore has been proposed to be spent towards capacity expansion at SAIL’s Durgapur Steel Plant and installation of a steel processing unit at Kangra.
The state-run steel maker also plans to invest Rs 25 crore and Rs 45 crore at Alloy Steels Plant and Salem Steel Plant respectively.
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