8/7/2024, 1:45:06 pm

SAIL plans to inject ₹6,500 Crore towards FY25 capex

SAIL plans to invest ₹6,500 crore in capital expenditure this year, part of its ₹1 lakh crore investment plan over the next few years. The investment will be used for capacity expansion, debottlenecking, and maintenance, with a debt-equity ratio of 1:1. The company aims to increase its capacity from 20 million tonnes to 35 million tonnes per annum by 2031 and 50 million tonnes in the next phase.