SAIL completes Rs 6,325-crore expansion of Bokaro plant
14 May 2015
State-run SAIL has completed the current phase of the modernisation and expansion of the Bokaro Steel Plant with an investment of Rs 6,325 crore, Parliament was informed today.
The planned expansion by the Steel Authority of India Ltd has raised the plant's crude steel production capacity to 4.61 million tonnes per annum (MTPA) from 4.36 MTPA, Steel and Mines Minister Narendra Singh Tomar said in a written reply to Rajya Sabha.
"The ongoing expansion plan of Bokaro Steel Plant for enhancing crude steel production capacity from 4.36 MTPA to 4.61 MTPA has been completed under the current phase of modernisation and expansion plan of SAIL with an investment of Rs 6,325 crore," he added.
The Minister also informed the House that government does not finalise long-term plan for SAIL.
"SAIL and other steel PSUs undertake their expansion and modernisation programmes based on commercial considerations. SAIL has prepared a draft Vision 2025, which includes Bokaro Steel Plant also," he added.
SAIL, India's largest steelmaker, has charted investment of Rs 1,50,000 crore till 2025 to ramp up its steel production from 24 million tonnes to 50 million tonnes.