SAIL strategy to produce 20 mt of saleable steel

KOLKATA: Steel Authority of India is strategy to produce 20.23 million tonne (mt) of saleable steel by 2016 up from 12.88 mt in 2014, following completion of its ambitious Rs 70,000 crore expansion and modernization. This was stated by the company as part of a corporate presentation prepared by it to attract potential investors for its upcoming offer for sale. A six-member team of officials from SAIL, led by chairman C S Verma are now on a road show across the US, Europe and Hong Kong. Apart from SAILBSE 0.12 % officials, joint secretary in the steel ministry, Mr U P Singh was also part of the Indian team during the road shows