SAIL to incur ₹6,500cr capex in FY 25: CMD

Hyderabad: The Steel Authority of India Ltd (SAIL) has drawn up plans to invest 6,500 crore towards capex during the current fiscal as part of plans to invest 1 lakh crore in greenfield and brownfield expansions to beef up capacities over next few years, SAIL CMD Amarendu Prakash said on Friday.
“This year, the capex target is 6,500 crore. We also have regular capex on maintaining our facilities, as well as debottlenecking exercises.Most of the capex expansion of 1 lakh crore by 2030 will start flowing from FY26,” he said.
Speaking at the InfraBuild summit, he said while in the first phase capacity will go up from 20 million tonnes per annum (MTPA) to 35 MTPA by 2031, in the next phase it was poised to increase to 50 MTPA. He said the steel industry was worried over dumping by China and has urged govt to take various measures to control the dumping of cheap Chinese steel in India. tnn