SAIL to invest Rs 11,000 crore

As part of the Rs 35,000 crore (Rs 350 billion) mega growth plan, Steel Authority of India is planning to pump in Rs 11,000 crore (Rs 110 bilion) to increase production at its three production units in West Bengal including Durgapur Steel Plant and Indian Iron and Steel Company.

The company has decided to invest Rs 11,000 crore in the next five-six years to jack up hot metal production capacity of DSP from the present level of two million tonne to 3.2 million tonne by 2011-12 and IISCO's capacity to 2.5 million tonne from the existing 0.8 million tonne.

Apart from increasing hot metal production, an investment of Rs 3,000 crore (Rs 30 billion) in DSP would also ensure that finished steel production of the plant go up substantially from a meagre 0.7 million tonne to 2.63 million tonne by 2011-12.