SAIL to Invest 10,200 Cr for Developing Mines

3rd e-auction of Iron Ore in Goa
  • SAIL will invest over Rs 10,200 crore on mine development as the domestic steel giant embarks on a modernisation and expansion programme.
  • The programme is being undertaken at the SAIL’s facilities in Bhilai, Bokaro, Rourkela, Durgapur and Burnpur as well as the special steel plant at Salem.
  • Fund raising for the modernisation and expansion programme of steel PSUs was arranged through internal resources and borrowings by the companies.