Indian company SAIL approves expansion of capacity of steel mill in Bhilai

The Indian state-owned steel company Steel Authority of India Limited (SAIL) has officially approved the expansion of its steel mill in Bhilai (BSP) from 6.8 million tons per year to 10.2 million tons per year, which entails investments of $ 3.22 billion, a junior told the Indian parliament on Wednesday, July 22. Minister of Steel Bhupathi Raju Srinivasan.

All major raw materials will be purchased from SAIL's own mines, as well as from domestic and import markets, he said.The expansion project will be completed within 42 months.

Ajoy DasEditor

I graduated from the University of Calcutta with a degree in Economics and have three years of experience reporting for leading print publications covering key industries such as metallurgy, energy (fossil and renewable energy), chemical and petrochemical, and mining (coal, bauxite, iron ore, and copper). I work as a SteelOrbis correspondent covering the Indian steel industry, covering pricing and trading trends across the value chain, capacity creation and utilization, corporate developments, public policy fundamentals, and industry news.