SAIL's  modernisation and expansion project of Rs 72000 crore near completion

Steel Authority of India has announced that it has nearly completed its modernisation and expansion of Rs 72,000 crore. The modernisation and expansion programme was undertaken by the company to increase its capacity to 21 million tonnes per annum (MTPA). The improved operational performance was backed by increase in saleable steel production, improved product mix, improvement in productivity, reduction in coke rate and specific energy consumption, reduction in specific wage bill.  
   
SAIL is India’s largest steel producing company. The company is among the five Maharatnas of the country’s Central public sector enterprises. The company has in different parts of the country  five integrated steel plants, three special plants and one subsidiary.   
   

Steel Authority of India (SAIL) was trading at Rs 78.95, up by 1.70 points or 2.20% from its previous closing of Rs. 77.25 on the BSE. The scrip opened at Rs. 78.10 and touched a high and low of Rs. 79.20 and Rs. 78.05 respectively.