Performance of SAIL

Next Post
Previous Post

steel4The Minister of Steel, Shri Beni Prasad Verma has said that the Steel Authority of India Limited (SAIL) has undertaken modernisation and expansion plan at its five integrated steel plants Bhilai Steel Plant (BSP) at Bhilai, Bokaro Steel Plant (BSL) at Bokaro, Rourkela Steel Plant (RSP) at Rourkela, Durgapur Steel Plant (DSP) at Durgapur and IISCO Steel Plant (ISP) at Burnpur and Special Steel Plant (SSP) at Salem to enhance its crude steel production capacity from 12.8 Million Tonne Per Annum (MTPA) to 21.4 MTPA in the current phase.

In a written reply in the Lok Sabha today Shri Verma said, the indicative investment for current Phase of Modernisation and Expansion is Rs. 61,870 crore. Besides, a provision of Rs. 10,264 crore has been made towards investment in existing mines under Raw Materials Division (RMD) and development of Rowghat Mine. Against this, an expenditure of Rs. 44,112 crore has been incurred till March’ 2013. The funding for modernisation and expansion plan of SAIL is being done through a combination of debt and equity (including internal resources) while maintaining debt-equity ratio of 1:1. The investment of Rs. 12,291 crore for modernisation and expansion plan of Rashtriya Ispat Nigam Limited (RINL), other public sector steel plant under Ministry of Steel, is being funded mainly through internal accruals. RINL has incurred an expenditure of Rs. 10,236 crore till March, 2013.