JOIN US“SAIL, NMDC and RINL will together aim to almost double their production capacities by 2011-12,” Steel Secretary P K Rastogi told PTI. Steel Authority of India Ltd and the Rashtriya Ispat Nigam Ltd at present produce about 18 million tonnes of the commodity. Navratna mining giant National Mineral Development Corporation is in the process of setting up a three million tonnes per annum (MTPA)- steel unit in Chhattisgarh.
SAIL alone will see an expenditure of Rs 10,000 crore on capacity expansion this fiscal while the remaining Rs 3,000 crore will be spent by NMDC and RINL, he said. SAIL is in process of implementing a Rs 54,000-crore modernisation project to take its production capacity to 26.3 MTPA from the present about 15 MTPA by 2011-12. RINL is working to double its production capacity to 6.2 MTPA in the given time-frame.
Despite the prevailing economic slowdown, the expansion programmes of these public sector entities are going on full swing, Rastogi said.