SAIL to double crude steel capacity by 2012
12 Feb 2010
The Steel Authority of India Limited (SAIL) is eying a capacity of 23.2 million tonnes per annum (mtpa) by 2012, SAIL chairman S K Roongta, said at the inaugural session of Global Steel 2010, an international steel conference, in Goa today.
It currently has a capacity of 13 mtpa.
For attaining this, the company would be modernised and capacity of units would be expanded to their maximum potential," he added.
Roongta said that the issues related to iron ore, which is a raw material for Steel is capacity breakers for the Indian companies.
''SAIL's iron ore resources are having inherent problem of higher alumina. The natural lump generation is about 20 to 25 per cent with limited scope for alumina reduction," he said.
Stating that the domestic demand for steel will hike the production capacity in India, Roongta said that increased spending on infrastructure projects will be a boon for steel manufacturers.