SAIL plans to expand with capacity of its subsidiary

Posted By: Religare
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SAIL plans to expand with capacity of its subsidiary
SAIL chairman CS Verma has asked Maharashtra Elektrosmelt Ltd (a subsidiary of SAIL), to work on an expansion plan that would ensure a complete ferro-alloy requirements of its integrated steel plants.

The chairman further said that SAIL plans to spend Rs. 1,000 crore for the expansion. Of this, Rs 500 crore has been decided to spend for installing two additional plants.

Nearly an equal amount is estimated to follow while setting up; SAIL believes that the expansion would help the public sector steel company to achieve security of raw material.

Its product mix includes carbon ferro-manganese and silico-mangane in its final stage. Therefore, SAIL will ensure its full support during the expansion. 

With expectation to meet the capacity to 23.46 million tonnes per an from 14.35 MTPA at present, SAIL is currently investing Rs 70,000 crore for the expansion. MEL to explore further possibilities for the production of ferro-nickel expansion.

Read more about: maharashtra elektrosmelt, bse, steel, metal
Story first published: Wednesday, May 11, 2011, 12:33 [IST]
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