According to a news agency report, Steel Authority of India (SAIL) may complete major portion of its ongoing expansion project by March 2014.
While presently the company has a production capacity of 13.82 mn tpa of hot metal, it aims to expand it to 19.5 mn tpa by the end of 2013-14.
Since 2006-07, the company has been implementing its Rs 61,870 crore mega capacity expansion project across all its five major steel plants. This is expected to raise its production capacity to 23.46 million tonne.
By the end of 2013-14, the firm expects to complete expansions at Durgapur, Rourkela and Burnpur. By 2014-15, SAIL expects all the proposed expansions to be over.
Two blast furnaces of 2.8 mn tpa capacity each at Rourkela and Burnpur would help the company to reach the capacity to 19.5 mn tpa.
Out of the total planned capex, the firm alloted Rs 39,131 crore for capacity expansion, Rs 7,039 crore for value-addition or product-mix improvement, Rs 3,509 crore for technological up-gradation or modernisation and Rs 6,909 crore for de-bottlenecking.
The state-run steel maker faced huge delay in executing the expansion programme and it received flak from the steel ministry for that.
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