The giant state-owned company in the steel sector, the Steel Authority of India Ltd (SAIL) has recently announced that it has sketched a corporate plan for producing a huge 26 million tonnes of hot metal by the year of 2010-11. The officials of the company have stated that they have also started a huge de-bottlenecking exercise at its various mines for increasing the production further. The officials added that the company is planning all these with an objective to ensure the total iron ore security.
Commenting on the company plans, the Executive Director of SAIL (Raw Materials Division), Mr. M Roy said, "SAIL will need about 42 million tonnes of iron ore by 2010-11 and to meet this requirement, a de-bottlenecking exercise has been undertaken in all the mines of the raw materials division to jack up production". He added that they are planning to perform the de-bottlenecking exercise mainly through the technological up gradation and the exercise is not going to take a huge amount of investment from the company. He said, "It may require only a few hundred crores".
While talking about the other plans of the company at the moment, Mr. Roy said that they are working on both short-term (which includes de-bottlenecking) and long-term projects (which involves development of new mines) in tandem at present. He said that the mines of the company would be producing over 30 million tonnes of iron ore by the years of 2010-11 and the Rajhara and Dalli mines of Bhilai Steel plant would produce the remaining. These two plants are not included under the raw materials division of SAIL. He further said that they are thinking it to be a great challenge to increase the production capacity from the current 18 million tonnes to 30 million tonnes in about four years.
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| Posted : 3/18/2008 |
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