<p>Financial Express reported that Indian steel giant Steel Authority of India Limited is set to embark on the next phase of its capacity expansion programme to increase its crude steel-making capacity to 50 million tonne per annum by 2030 from a little over 19 million tonne per annum now, as per its Vision 2030 document, is in sync with the National Steel Policy 2017 which envisages the country’s steel-making capacity to reach 300 million tonne per annum by 2030-31. SAIL Chairperson Ms Soma Mondal in an interview told Financial Express “We are planning the next phase of modernisation and expansion. Our debt-equity ratio of 0.42, as on 31 December 2021, gives us the confidence and the opportunity to embark on the next phase of capacity expansion.” </p><p>Ms Mondal alsso told “SAIL’s immediate priorities are raising capacity utilisation, enhancing share of special and value-added steel products in the product basket, improving productivity and techno-economics and cost optimisation, apart from reducing debt.”</p><p>SAIL has performed very well in the first nine months of the current fiscal. Its production of hot metal, crude steel and saleable steel were all the best-ever during the nine-month period of the current fiscal. During the April-December period, its net profit went up multi-fold to INR 9,579 crore, compared to INR 406 crore in the corresponding period last fiscal. Higher prices of steel have helped SAIL pare down its debt by INR 16,222 crore in the first nine months of the current fiscal. At the end of December 2021, the company’s debt stood at INR 19,128 crore and its debt-equity ratio at 0.42. As of March 2020, SAIL had a debt of INR 51,481 crore and its debt-equity ratio was at 1.36.</p>
<p>Financial Express reported that Indian steel giant Steel Authority of India Limited is set to embark on the next phase of its capacity expansion programme to increase its crude steel-making capacity to 50 million tonne per annum by 2030 from a little over 19 million tonne per annum now, as per its Vision 2030 document, is in sync with the National Steel Policy 2017 which envisages the country’s steel-making capacity to reach 300 million tonne per annum by 2030-31. SAIL Chairperson Ms Soma Mondal in an interview told Financial Express “We are planning the next phase of modernisation and expansion. Our debt-equity ratio of 0.42, as on 31 December 2021, gives us the confidence and the opportunity to embark on the next phase of capacity expansion.” </p><p>Ms Mondal alsso told “SAIL’s immediate priorities are raising capacity utilisation, enhancing share of special and value-added steel products in the product basket, improving productivity and techno-economics and cost optimisation, apart from reducing debt.”</p><p>SAIL has performed very well in the first nine months of the current fiscal. Its production of hot metal, crude steel and saleable steel were all the best-ever during the nine-month period of the current fiscal. During the April-December period, its net profit went up multi-fold to INR 9,579 crore, compared to INR 406 crore in the corresponding period last fiscal. Higher prices of steel have helped SAIL pare down its debt by INR 16,222 crore in the first nine months of the current fiscal. At the end of December 2021, the company’s debt stood at INR 19,128 crore and its debt-equity ratio at 0.42. As of March 2020, SAIL had a debt of INR 51,481 crore and its debt-equity ratio was at 1.36.</p>
