Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
Latest News

Green panel has approved SAIL’s Rs 5,419 cr modernisation plans

The Green panel has provided its approval to SAIL‘s Rs 5,419- crore expansion and modernisation project for its Rourkela plant in Odisha.

The modernisation of Rourkela Steel Plant (RSP) has been proposed by SAIL through setting up of a new hot strip mill with a production capacity of 3 million tonnes per annum (MTPA), beneficiation plant of 3.3 MTPA and pellet plant of 2 MTPA.

The company also seeks to enhance production capacity of special plates from 0.003 to 0.015 MTPA within the premise of RSP.

A senior government official has said that “The EAC has recommended the ministry to grant environment clearance to the SAIL’s proposed modernisation project in Rourkela subject to stipulation of specific conditions.”

Read EquityPandit’s Technical Analysis on Nfity 

Get Daily Prediction & Stocks Tips On Your Mobile