SAIL is also eyeing land in Orissa where POSCO wanted to set up a plant.
New Delhi– Steel Authority of India will tear down its unused staff homes in townships for its greenfield expansion in order to meet it’s production target of 50 million tonnes by 2030-31, the company’s chairman said on Friday.
The company will also request Orissa government to give some of the land the state had earmarked for POSCO, the chairman added.
“We will do a mix of greenfield and brownfield expansion,” Anil Kumar Chaudhary, chairman, SAIL said at a press conference to mark the company’s 60th anniversary.
“We have land in existing townships… There are houses that we don’t need, ” Chaudhary said replying to a question.
The plan is all worked out and will be announced soon after the consideration of the board, he added.
SAIL has been trimming it’s workforce in the face of fierce competition from leaner and nimble private sector companies.
SAIL currently has a capacity of 21 million tonnes.
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