SAIL Plans To Raise Hot Metal Production
SAIL (Steel Authority of India Limited), a Maharatna public sector undertaking, is planning to scale up production of hot metal to 50 million tonnes by 2025-26. This will place the company amongst the top global steel producers in the world. The capacities of crude steel and saleable steel have been planned at 48 million tonnes and 46 million tonnes respectively. The hot metal capacity is expected to reach a level of 23.5 million tonnes by the end of 2015-16. In a letter to shareholders, Rakesh Singh, Secretary, Ministry of Steel and Chairman and MD (Additional Charge), SAIL said, the company had recorded its highest ever hot metal production of 15.413 million tonnes in 2014-15 registering a growth of 6.9 per cent over the previous financial year. Production of crude steel, at 13,909 million tonnes, showed an improvement of 2.5 per cent, he had stated.