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SAIL to spend $2.9 bn in FY12 for capex projects

SAIL to spend $2.9 bn in FY12 for capex projects
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First Published: Thu, Sep 22 2011. 02 48 PM IST
Updated: Thu, Sep 22 2011. 02 48 PM IST
Mumbai: State-run Steel Authority of India Ltd (SAIL) plans to spend Rs 14,340 crore ($2.9 billion) in the current fiscal year ending March on capacity expansion projects, the company said on Thursday.
The investment is part of the company’s programme to expand total steelmaking capacity at its five integrated plants across the country to 21.4 million tonnes by March 2013.
The investment will be on several projects to add blast furnaces, cold rolling mills and coke oven batteries, it said in a statement.
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First Published: Thu, Sep 22 2011. 02 48 PM IST
More Topics: SAIL | Capex | Projects | Expansion | Blast Furnace |