SAIL to make Rs 6,500 cr capex investment in FY25: CMD Amarendu Prakash

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Steel Authority of India Ltd will be investing Rs 6,500 crore towards capex during the current financial year as part of its Rs 1 lakh crore investment plan over the next few years, SAIL CMD Amarendu Prakash said on Friday.

Speaking to mediapersons on the sidelines of a programme organised by Indian Steel Association here, Prakash said the steel industry approached the government seeking measures to control the dumping of cheap metal by China into India and hoped that steps will be taken to address the menace.

Most of the capex expansion (Rs 1 lakh crore by 2030) will start flowing from FY26.

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Category: BusinessFinance

Markets: IndiaChina

Topics: CMD Amarendu Prakash SAIL Amarendu Prakash Steel sector SAIL CMD Steel Authority of India Ltd SAIL growth SAIL SAIL investment

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Article Type: News Report

Published On: 2024-07-05 @ 17:45:44 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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News ID: 21492734

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