The Minister of Steel and Mines Shri Narendra Singh Tomar informed that Steel is a deregulated sector and the role of Government is limited to that of a facilitator. The decisions regarding expansion of steel plants are essentially taken by the respective companies, based on commercial considerations and market dynamics. SAIL and RINL have undertaken modernization and expansion of their steel plants funded by their own sources.
Details of these are given below:-
S. N. | Name of the Project | Name of PSU | Capacity after Expansion (in Mtpa) | Cost (in Rs crore) | Present Status |
1. | Expansion of Bhilai Steel Plant | SAIL | 7.0 | 17,266 | Scheduled for completion by December, 2016 |
2. | Expansion of Bokaro Steel Plant | SAIL | 4.61 | 6,325 | Completed in September, 2015 |
3. | Expansion of Durgapur Steel Plant | SAIL | 2.2 | 2,875 | Completed in June, 2015 |
4. | Expansion of IISCO Steel Plant | SAIL | 2.5 | 16,408 | Completed in December, 2014 |
5. | Expansion of Rourkela Steel Plant | SAIL | 4.2 | 11,812 | Completed in December, 2014 |
6. | Expansion of Salem Steel Plant | SAIL | 0.18 | 1,902 | Completed in September, 2010 |
7. | Expansion of Liquid Steel capacity from 3 to 6.3 Mtpa of Vizag Steel Plant | RINL | 6.3 | 12,291 | Completed in April, 2015 |
IndianBureaucracy.com wishes the very best.