SAIL To Set Up Second Steel Plant In Odisha
The Steel Authority of India Limited (SAIL) is ready to set up a coast based second steel plant in Odisha with an approximated cost of over Rs 15,000 crore, aiming to increase production from 16.3 million tonnes to 50 million tonnes in two phases. This expansion plan comes at a time when BJP leader Dharmendra Pradhan takes over the steel ministry, switching from his earlier role of petroleum and natural gas minister.
“We have received a positive response from Odisha Chief Secretary and will send a team to scout for a plot near the coast. We have been planning a coast-based steel plant for some time” said SAIL chairman Anil Kumar Chaudhary, who has served the company earlier as its director of finance.
This steel plant would be SAIL’s second in the eastern state, which will produce three million tonnes initially and would eventually increase to 6 million tonnes.
“Overall, we plan to raise our capacity to 50 million tonnes by 2030-31 in two phases. The first phase, which will be till 2025-26, will take our capacity to 35 MT,” said the SAIL chairman. This year, the net production of steel is 16.3 million tonnes and they are looking to increase the number to 17.5 million tonnes. Most of the capacity upgradation will come from the expansion of the units in Rourkela, Bokaro, Bhilai, Durgapur and IISCO.