New Delhi: State-owned steel maker Voyage The company’s chairman said it has started working on a plan to increase its installed capacity to 15 million tonnes (MT) in the first phase. Amarendu Prakash Said.
Its current installed steel making capacity is about 20 million tonnes per annum (MTPA), Light Said.
Responding to a question on SAIL’s expansion plans, the chairman said, “It has been started. In the first phase, we are expanding it to 35 MT. So, phase 1 is of 15 MT.”
On the timelines and investment amount involved in the expansion plan, he said the company is actively working on the detailed project report (DPR) and it would be a difficult task to share any numbers at present.
Asked about the funding model, Prakash said SAIL will use its own funds and also seek market support for expansion.
“It (funding) will be a mix of both internal resources and the market. The steel industry is a big capital expenditure-intensive industry. So, we will be in the market for funds,” he said.
The top official said the company will not only expand its installed steel manufacturing capacity but also install new technologies and develop logistics infrastructure for movement of raw materials and finished products.
Steel Authority of India Limited (cell), under Ministry of SteelLtd. has five integrated and three specialized steel plants at various locations in the country.
Its current installed steel making capacity is about 20 million tonnes per annum (MTPA), Light Said.
Responding to a question on SAIL’s expansion plans, the chairman said, “It has been started. In the first phase, we are expanding it to 35 MT. So, phase 1 is of 15 MT.”
On the timelines and investment amount involved in the expansion plan, he said the company is actively working on the detailed project report (DPR) and it would be a difficult task to share any numbers at present.
Asked about the funding model, Prakash said SAIL will use its own funds and also seek market support for expansion.
“It (funding) will be a mix of both internal resources and the market. The steel industry is a big capital expenditure-intensive industry. So, we will be in the market for funds,” he said.
The top official said the company will not only expand its installed steel manufacturing capacity but also install new technologies and develop logistics infrastructure for movement of raw materials and finished products.
Steel Authority of India Limited (cell), under Ministry of SteelLtd. has five integrated and three specialized steel plants at various locations in the country.
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