Thursday, September 18, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

SAIL readying ₹1,00,000 cr capex plans

by Euro Times
May 30, 2023
in Business
Reading Time: 3 mins read
A A
0
Home Business
Share on FacebookShare on Twitter


The Steel Authority of India Ltd (SAIL) is eyeing an over ₹1,00,000 crore capex over a 10 year period as it plans to up capacities to around 35 million tonnes (mt) per annum. Capex plans include setting up capacities, ramping up existing facilities, de-bottlenecking, maintenance and replacement of coke oven batteries, apart from investing in new product lines.

The CPSE and amongst the largest steel-makers in the country currently has an installed capacity of 20 mtpa. Crude steel production last fiscal was 18.3 mt.

According to Anil Tulsiani, Director (Finance), SAIL, most of the capex plans are already in a drawing board stage; an “in-principle approval from the board has been received”. Over the next six months — “towards August or September” — these plans should be ready and the tendering process should be over in “another four to five months” (by FY24 end), he added.

Diversifying investments

“Work towards capacity expansion would start around FY25. In actual terms, peaking of investments will happen in and around FY28 and FY29, with 35 mt going on-stream by FY32. So we are envisaging a capex of over ₹1,00,000 crore across these years,” he said, during an analyst call.

Tulsiani said, investments are being spread out to avoid “bunching up” or tying up of funds. For instance, in the first year, capacity expansion would be carried out at IISCO — Burnpur that would see capacity ramp up by 4.5 mtpa; followed by expansion at Bokaro by 3 mtpa. The following year, expansion is planned at the Durgapur Steel Plant.

“De-bottlenecking of existing capacities would add 2.5 – 3 mtpa over the next 3-4 years,” he added.

For FY24, the company has earmarked a capex of ₹6,000 crore, primarily for maintenance purposes that include refurbishment and replacement of coke-oven batteries. The saleable steel target is set at 19.7 mt- a 15 per cent increase y-o-y.

The steel-maker said it would look at keeping debt-equity in the 1:1 range, despite the huge capex plans. Current debt to equity ratio is 0.59. In FY23, borrowings were over ₹30,000 crore; while net debt stood at ₹28,400 crore-odd.

“Profitability in FY23 had been impacted due to high input costs majorly imported coking coal and foreign exchange variation loss,” Tulsiani said. The steel-major’s EBITDA (earnings before interest, tax, depreciation and amortisation) dropped 58 per cent y-o-y to ₹9,379 crore last fiscal (from ₹22,364 crore).

SHARE

  • Copy link
  • Email
  • Facebook
  • Twitter
  • Telegram
  • LinkedIn
  • WhatsApp
  • Reddit

Published on May 30, 2023





Source link

Tags: capexplansreadyingSAIL
Previous Post

JEPI Holders Should Consider Adding DXD To Avoid Worst-Case Scenario (NYSEARCA:DXD)

Next Post

US and EU criticize Polish plans for law that could keep opposition from holding office

Related Posts

Trupanion, Inc. (TRUP) Analyst/Investor Day Transcript

Trupanion, Inc. (TRUP) Analyst/Investor Day Transcript

by SA Transcripts
September 18, 2025
0

Laura BainbridgeSenior VP of Company Firms & Head of Investor Relations Good day, everybody. Welcome to Trupanion's Annual Investor Day....

Will RBI do a Fed in October after Jerome Powell’s first rate cut of 2025?

Will RBI do a Fed in October after Jerome Powell’s first rate cut of 2025?

by zee business
September 18, 2025
0

Will the Fed's first fee minimize of the Donald Trump 2.0 period be topped up with extra reductions within the...

Tariffs Pushing Up Prices, But Wider Impact Unclear, Says Powell After Fed Rate Cut

Tariffs Pushing Up Prices, But Wider Impact Unclear, Says Powell After Fed Rate Cut

by NDTV Profit Desk
September 17, 2025
0

The tariffs imposed by US President Donald Trump on most buying and selling companions are pushing up the costs, however...

With the US and UK pouring billions into AI, India is pressed to step up its game

With the US and UK pouring billions into AI, India is pressed to step up its game

by Euro Times
September 17, 2025
0

International AI investments are accelerating at an unprecedented tempo. Microsoft on Tuesday introduced a $30 billion dedication to increase its...

Travel booking co Navan to file for Wall Street IPO

Travel booking co Navan to file for Wall Street IPO

by Assaf Gilead
September 18, 2025
0

US-based journey reserving firm Navan will file a Type S-1 to the US Securities and Trade Fee for an...

Vedanta shares drop 4% as govt reportedly doubles down against demerger plan

Vedanta shares drop 4% as govt reportedly doubles down against demerger plan

by Shivendra Kumar
September 17, 2025
0

Metallic main Vedanta's shares fell practically 4% on Wednesday to hit the day's low of Rs 471 after its demerger...

Next Post

US and EU criticize Polish plans for law that could keep opposition from holding office

Market Anticipation Builds As Optimism Plans To Unlock $587M Worth Of OP Tokens

Trupanion, Inc. (TRUP) Analyst/Investor Day Transcript

Trupanion, Inc. (TRUP) Analyst/Investor Day Transcript

September 18, 2025
Prison Labor: The Last Stronghold of Slavery in the US

Prison Labor: The Last Stronghold of Slavery in the US

September 18, 2025
Will RBI do a Fed in October after Jerome Powell’s first rate cut of 2025?

Will RBI do a Fed in October after Jerome Powell’s first rate cut of 2025?

September 18, 2025
USD/CAD Outlook: Head Shoulder Pattern In Play As Fundamentals Provide Interesting Dilemma

USD/CAD Outlook: Head Shoulder Pattern In Play As Fundamentals Provide Interesting Dilemma

September 18, 2025
Meta Connect 2025: the 6 biggest announcements

Meta Connect 2025: the 6 biggest announcements

September 18, 2025
Small Leaks, Big Impact: How Tiny Daily Spending Habits Can Quietly Drain (or Transform!) Your Budget

Small Leaks, Big Impact: How Tiny Daily Spending Habits Can Quietly Drain (or Transform!) Your Budget

September 18, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Trupanion, Inc. (TRUP) Analyst/Investor Day Transcript

Prison Labor: The Last Stronghold of Slavery in the US

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In