India's SAIL approves capacity expansion of Bhilai Steel Plant

India's state-owned steelmaker Steel Authority of India Limited (SAIL) has formally approved the expansion of its Bhilai Steel Plant (BSP) to 10.Asian Metal Copyright2 million tonnes per year, up from the current 6.Asian Metal Copyright2 million tonnes per year, up from the current 6.Asian Metal Copyright8 million tonnes per year, with an estimated investment of $3.Asian Metal Copyright8 million tonnes per year, with an estimated investment of $3.Asian Metal Copyright8 million tonnes per year, with an estimated investment of $3.Asian Metal Copyright22 billion, junior steel minister Bhupati Raju Srinivasan informed India's parliament on Wednesday, July 22.

He stated that all major raw materials for the expanded operations will be sourced from SAIL's captive mines, as well as from domestic and import markets. The expansion project is expected to be completed within 42 months.

.Asian Metal Copyright2 million tonnes per year, up from the current 6Asian Metal Copyright