Steel Capacity Expansion Tender

Scope The Steel Authority of India SAIL is looking to more than double its capacity to 50 million tonne by 2030. In line with the National Steel Policy 2017 the company has formulated its Vision 2030 whereby it is envisaged to enhance the crude steel capacity to 50 million tonne. The company has started working on the land bank study for the next phase of expansion. The last phase of the expansion undertaken by SAIL entailed increasing capacity from 12.8 million tonne to 21.4 million tonne. However the expansion conceived in 2006-2007 was delayed due to the global financial crisis in 2008. The modernisation and expansion plan MEP at Rourkela Burnpur Durgapur Bokaro and Salem Steel Plants and all major facilities under Bhilai Steel Plant have been completed. The various facilities are under operation stabilisation and ramp-up. The revised cost estimates RCE of MEP of all the plants have been approved progressively by the year 2020-21. Considering these RCEs the indicative investment for MEP is likely to be Rs 80170 crore gross excluding the sustenance schemes. The cumulative expenditure of Rs 68267 crore gross has been incurred till March 2021 on MEP excluding sustenance schemes.