Posted on 21 Apr 2022
India's Ministry of Steel has directed the government-run mills to increase capacity by at least 80% to 45 million tons a year by 2030 from the current 25 million tons a year.
The directive came after a capital expenditure review meeting by the state-owned Steel Authority of India Ltd. (SAIL), Rashtriya Ispat Nigam Ltd. (RINL), and NMDC Ltd.
NMDC planned to start commercial production from a new plant with an annual output of 3 million tons in the next few months.
Based on current assessments, the government is confident of reaching a total domestic steel production capacity of 300 million tons per year by 2030-31.
Source:Yieh
