State-owned steel giant Steel Authority of India Limited (SAIL) is planning a capital expenditure of ₹7,500 crore in the current financial year — a 25% increase over FY25 — to enhance production capacities across its plants, a senior official has said.
SAIL, India’s largest public sector steel producer, is currently in expansion mode and aims to scale up its total production capacity from the existing 20 million tonnes (MnT) to 35 MnT by 2030. The company’s five integrated steel plants (ISPs) are located in Odisha, Jharkhand, Chhattisgarh, and West Bengal, with the expansion project expected to cost around ₹1 lakh crore.
“…Capex last year was close to ₹6,000 crore. And this year, we have kept a target of ₹7,500 crore throughout the year, which is a higher target,” said SAIL Director (Finance) Ashok Kumar Panda in response to a query on the company’s investment plans.
