RINL set to raise capacity to 12 mtpa at Rs 30,000 cr

State-owned Rashtriya
Ispat Nigam Limited, which is in the final stages of expanding its capacity to
6.3 million tonnes per annum (mtpa) from 2.9 mtpa, has now prepared a
feasibility report for enhancing it further to 12 mtpa with an investment of Rs
30,000 crore. 

In its recent
presentation to the steel ministry, the Vizag-based company said the feasibility report,
envisaging capacity expansion to 12 mtpa, has been prepared. 

According to plans,
a capacity of 12 mtpa would be achieved in three phases. While the first phase
would focus on setting up of a Hot Rolled (HR) Coil mill with an investment of
Rs 22,000 crore, the second and third phases would involve construction of a
silicon mill and a coll-rolled mill respectively at an investment of Rs 4,000
crore each. 
RINL
has already sought the approval of the ministry and
hopes to get the clearance by August this year.