New Delhi : Months ahead of completing Bokaro plant’s capacity addition to 5.7 million tonnes (MT), Steel Authority of India Ltd (SAIL) said it plans to raise it further by another 10 MTPA with an investment of Rs 60,000 crore in the second phase.

The investment, which is excluding the ongoing Rs 6,000- crore outlay for the Bokaro plant, would be the highest among five integrated steel mills where the company plans expansions in order to take overall capacity to 50 MTPA by 2025.
With the current phase of ongoing expansion at a cost of Rs 72,000 crore, this would go up to 24 MTPA. “This 26 MTPA addition in about 12 years will be financed through internal accruals and market borrowings,” Chairman C S Verma said.

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