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Our Bureau

New Delhi, May 28

Steel Authority of India Ltd (SAIL) on Monday announced that it would increase its installed capacity to 24.98 million tonnes by 2010 form the present level of 13 million tonnes. Initially, the expansion plan of the company was to raise its capacity to 22.5 million tonnes by 2010 with an investment of Rs 37,000 crore.

Now, the revised estimate for the higher installed capacity along with the ongoing programme has been pegged at Rs 43,000 crore. Reviewing the progress of the expansion programme of SAIL, Mr Ram Vilas Paswan, Minister for Steel, Chemicals and Fertilisers, urged the top management of the company to implement the programme on time.

He also asked the chairman of SAIL to come up with a revised schedule for implementing the expansion plan with-in two days.

More Stories on : Outlook | Steel | Steel Authority of India Ltd

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