Capex of Rs. 5,700 crore and Rs. 7,500 crore have been approved for SAIL for financial years 2024-25 and 2025-26 respectively. Capex includes expenditure against Milestone payments for completed schemes, progress payment for on-going schemes, Capital Repair/Spares and SAIL’s portion in capital expenditure in Joint Ventures.

Steel industry has filed petitions to initiate investigations concerning imports with the designated authority on imports of flat steel products, 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 steel sector. Decisions regarding setting up of steel plants are taken by the industry based on techno-commercial considerations taking into consideration factors such as raw material availability, ease of logistics, access to market etc.

This information was given by the Minister of State for Steel and Heavy Industries, Shri Bhupathiraju Srinivasa Varma in a written reply in the Lok Sabha today.

 

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TPJ/NJ

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