Raipur, June 21 (IANS) Steel Authority of India Ltd (SAIL), India’s largest steel maker, has worked out a plan to raise production up to 60 million tonnes (MT) by 2020, the company chairman said Monday.
‘SAIL is working on a massive expansion project and has set a target to raise production capacity up to 60 MT by 2020, when the country’s total steel output will reach 180 MT,” C.S. Verma, who recently took over as SAIL chairman, told reporters at Bhilai in Chhattisgarh state.
He said his priority was to make SAIL a ‘global player’. He informed that SAIL has presently just 19-20 percent share of the total steel production in the country but by 2020 ‘we plan to have a one-third of India’s total steel output’.