SAIL studying feasibility of steel plant in Telangana
New Delhi, Dec 1 (PTI) State-run steel producer SAIL is preparing a feasibility report for setting up an integrated plant in Telangana.
“SAIL was asked to examine the feasibility of establishing integrated steel plant in Khammam district (of Telangana) and submit the feasibility report within the appointed date. Accordingly, a feasibility report is being prepared by SAIL,” Minister of State for Steel and Mines Vishnu Deo Sai said in a written reply to the Lok Sabha.
He further said that as per the 13th schedule of the Andhra Pradesh Reorganisation Act, 2014, SAIL is to examine the feasibility of setting up the integrated steel plant within six months from the appointed day i.e June 2, 2014.
Replying to another question on the steps being taken by the government to set up industries based on the steel, he said, “Steel is a deregulated sector and the decisions…are taken by the project proponents, keeping in view the market dynamics and techno-economic viability of projects.”
He further said that three million tonnes per annum (MTPA) steel plant at Nagarnar, Chhattisgarh, is being constructed by NMDC. “The project is at construction stage,” he said.
By the next fiscal, SAIL’s Rs 70,000 crore modernisation and expansion programme would be over raising its capacity to 24 MTPA. Post-2016, it will embark on another expansion programme for raising capacity further to 50 MTPA by 2025 with around Rs 1.5 lakh crore outlay.