SAIL to produce 24 million tonnes in 2 years

Steel Authority of India Ltd has pumped in INR 40,000 crore,  part of the targeted INR 72,000 crore, for expansion and modernisation of its units to raise the output to 24 million tonnes from 14 million tonnes in two years.

The  entire  modernisation and expansion is expected to be completed in a phased manner at all the steel plants of SAIL, which aims to raise its capacity to 40 million tonnes per annum after about eight years, according to the company’s 2020 vision document.