NEWS
Steel Authority of India Limited (SAIL) has announced an expansion plan for its Rourkela Steel Plant, intending to invest ₹300 billion (approximately $3.506 billion) to construct new raw material processing plants, coking and sintering facilities, as well as additional blast furnaces, steelmaking workshops, and cold rolling mills on the southeastern side of the plant. Upon completion, the annual production capacity of the plant will jump from 4.4 million tons to 9 million tons, accounting for 25% of SAIL’s total capacity. With the Indian government’s commitment to reducing import dependence and supporting domestic industries, India is confident in achieving its goal of increasing steel production capacity to 300 million tons by 2030.
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