Amarendu Prakash, President of the company, which currently operates with a capacity of around 20 million tons per year, explained that the first phase of the expansion plan aims to increase capacity to 35 million tons. Prakash said that expansion plans are currently underway, with detailed project reports being actively developed. However, specific details on the timeline and the amount of investment have not yet been disclosed.
SAIL is considering using both its own resources and external market support for the expansion. Prakash emphasized the company's commitment to explore external financing options, given that the steel industry is a sector that requires large capital.
In addition to increasing steel production capacity, SAIL aims to adopt new technologies and improve its logistics infrastructure to facilitate efficient transportation of raw materials and finished goods.
As a major contributor to the steel industry under the Ministry of Steel, SAIL operates five integrated and three specialized steel plants in various parts of India.
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