Steel Authority of India Ltd. (SAIL) has undertaken modernization and expansion of its five integrated steel plants at Bhilai, Bokaro, Rourkela, Durgapur & Burnpur to enhance its crude steel production capacity from 12.8 Mtpa to 21.4 Mtpa in the current phase.The indicative investment for current Phase of Modernization & Expansion is about Rs. 61,870 crore. Besides, provision of Rs.10,264 crore has been made towards investment in development of mines.
The Profit Before Tax (PBT) and Profit After Tax (PAT) of SAIL during the quarter October-December 2014 is Rs. 720 crore and Rs. 579 crore respectively as compared to Rs. 705 crore and Rs. 533 crore respectively during comparative period last year.
The measures to improve the efficiency and productivity include increasing Coal Dust Injection (CDI) in Blast Furnaces (BFs) to reduce the requirement of BF coke, reduction in coke rate, reduction in usage of other raw materials like iron ore, limestone, dolomite, ferro alloys, etc., reduction in specific energy consumption, maximizing production of crude steel through cost effective continuous casting route and reduction in specific water consumption in various plants of SAIL.
This information was given by Minister of State Sh. Vishnu Deo Sai in reply to a question Rajya Sabha.