SAIL takes up de-bottlenecking exercise to ramp production
To ensure total iron ore security, the Steel Authority of India Ltd (SAIL) has chalked out a corporate plan to produce 26 million tonne of hot metal by 2010-11, and has embarked a massive de-bottlenecking exercise in its mines to ramp up productio...
"SAIL will need about 42 million tonne of iron ore by 2010-11 and to meet the total requirement, a de-bottlenecking exercise has been undertaken in all the mines of raw materials division to jack up production," SAIL Raw Material Division executive director M Roy told the media.
The de-bottlenecking exercise would be done mainly through technological upgradation, he said.
Asked about the investment for the de-bottlenecking exercise, Roy said technological upgradation would not require any big investment. "It may require only a few hundred crores," Roy added.
The company, he said, was working on both short-term which included de-bottlenecking and long term projects which involved development of new mines, in tandem.
SAIL RMD mines, he said, would produce over 30 million tonne iron ore by 2010-11, while the Rajhara and Dalli mines of Bhilai Steel plant which were not under RMD, would produce the remaining quantity.
He said it was a big challenge for SAIL RMD to push up production from the current level of 18 million tonne to 30 million tonne in just about four years time.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.