SAIL Aims for 35 MTPA Capacity with Rs 1 Lakh Crore Push

SAIL has embarked on an ambitious expansion and modernization endeavor with a budget of Rs 1,00,000 crores aimed at enhancing its capacity to 35 million tonnes per annum (MTPA) by 2030-31. Presently, the steel maker boasts a crude steel capacity of approximately 20 MTPA, operating at an impressive 95 percent capacity utilization.

The company's board has greenlit a pioneering greenfield expansion initiative for its IISCO Steel Plant situated in West Bengal, which aims to elevate its capacity to four MTPA. This expansion project will specialize in manufacturing higher-grade hot rolled coil (HRC) and American Petroleum Institute (API) grade steel products tailored for the oil and gas sector, as well as steel components for the automotive industry. The construction of this new mill is anticipated to be finalized within a span of four years. At present, IISCO Steel Plant operates at a capacity of 2.6 MTPA, primarily producing rebar, wire rods, and heavy structural products, utilizing 85 percent of its capacity.

Moving forward, with regards to the expansion plans at the Bokaro steel plant, the pre-feasibility report studies (PFR) have been concluded, and a consultant has been appointed to prepare the detailed project report (DPR). As part of this expansion initiative, a new TMT mill with a capacity of 1.4 MTPA is slated to be established, with board approval being sought for the same.

Looking ahead to the forthcoming financial year, the company has earmarked a capex of Rs 6,000 crores to fuel its growth trajectory.

News by Rahul Yelligetti