[Ferro-Alloys.com] Financial Express reported that Steel Authority of India has proposed to expand its capacity to 49.6 million tonnes per annum in its Vision 2030 programme. Under its Vision 2030 programme, the company plans to further add 29.6 million tonnes per annum in two phases by 2030. This might entail an investment of over USD 31 billion. According to the plan, in the first phase, the capacity will be raised to 35.8 million tonnes per annum. The company intends to enhance strength at its Durgapur Steel Plant to 7.5 million tonnes per annum in the first phase from 2.5 million tonnes per annum. That of the Rourkela Steel Plant has been proposed to be raised to 8.8 million tonnes per annum from 3.7 million tonnes per annum now. Bokaro Steel Plant’s capacity will be raised to 9.5 million tonnes per annum and IISCO’s to 3 million tonnes per annum in the first phase. No timeline has been set for the completion of the first phase. (FINANCIAL EXPRESS)

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