SAIL Capex Outlay Up To Rs 7,500 Cr

New Delhi: A capital expenditure (Capex) of Rs5,700 crore and Rs7,500 crore has been approved for SAIL for financial years 2024-25 and 2025-26 respectively, Minister of State for Steel Bhupathiraju Srinivasa Varma informed the Lok Sabha on Tuesday. The Capex includes expenditure against milestone payments for completed schemes, progress payment for ongoing schemes and SAIL’s portion in capital expenditure in joint ventures, he pointed out.

The minister also said that the steel industry has filed petitions to initiate investigations concerning imports with the designated authority on imports of flat steel products, Cold Rolled Non Oriented (CRNO) and hot rolled coils. Steel is a de-regulated sector and the government acts as a facilitator by creating a conducive policy environment for the development of the steel sector.