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Engineering | January 2013

Steel firms may invest Rs 1 trillion till FY18

By 2017-18, Indian steel producers may invest Rs 1 trillion to create around 24 million tonne per annum (mn tpa) fresh capacity through brownfield expansions, reports suggest. According to data from the union steel ministry, the 10 major Indian steel companies may have a capacity of 78.5 mn tpa by 2018 from the current capacity of 54.5 mn tpa. This would be possible through the ongoing capacity expansions at their existing plant locations. Public sector firms Steel Authority of India ( SAIL) and Rashtriya Ispat Nigam (RINL) would constitute over half of the proposed expansions, reports suggest. It normally takes about Rs 4,000 crore investment to hike steel capacity by one million tonne.   The capacity of SAIL is expected to rise to 21.40 mn tpa from 12.84 mn tpa now (taking into consideration the capacity expansion in all its five major plants).

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