SAIL planning to double steelmaking capacity to 50 million tonne by 2025.

Steel Authority of India (SAIL) is finalizing a plan to nearly double steelmaking capacity to 50 million tonne (mt) by 2025 at an investment of Rs. 1,50,000 crore. In step with a planned hike in capacity, the company said it has secured a 30-year mining lease from union mines ministry for iron ore at Dhul khera village, in Rajasthan's Bhilwara district. "SAIL is finalizing its Vision 2025 document, which will steer the company to increase its production capacity of hot metal to 50 million tonne, along with related and enabling business activities. Implementing the Vision 2025 would entail an investment of about Rs. 1,50,000 crore in addition to the investment made in the current phase of expansion," the company's chairman C S Verma informed shareholders at its 42nd annual general meeting recently.