SAIL set to expand, scouting for iron ore mines -Governance Now

SAIL set to expand, scouting for iron ore mines

Keeping up with the predictions of its incredible growth, Steel authority of India Ltd (SAIL) is on the lookout for new iron ore mines.

GN Bureau | September 9, 2013

According to predictions, within a span of 50 years, SAIL will be requiring around 5.7 billion tonnes of iron ore. It has started scouring for new iron ore mines which will enable it to meet its future demands

A steel ministry official has said that the steel major has applied for licenses in various areas of Jharkhand like Karampada, Ankua and Ghatkuri for the same. The company’s existing mines in Orissa, Chhattisgarh and Jharkhand, including Chiria, can supply only 3.4 billion tonnes of iron ore, newspapers reported.

Out of the total requirement, in Jharkhand alone the company will require around 3,164 million tonnes (mt) of ore, including 1,600 mt for raising the capacity of Bokaro Steel Plant, 454 mt for enhancing the production of Indian Iron and Steel Company’s (IISCO) plant and 1,110 mt for the proposed 12 mt greenfield project in the state.

Rubbishing the Jharkhand government’s claim that SAIL would not need entire three billion tonnes of iron ore from Chiria, the official said that if SAIL is forced to lose a part of the Chiria mines, then the major greenfield and brownfield expansion plans of the company could be jeopardised.

Comments

Other News

From one cow to a dairy business

In 2012, Anita Dash wasn`t dreaming of building a dairy brand. She wasn`t studying business models or planning market expansion. Like countless mothers across India, her focus was on something much simpler: giving her children a better future. At the time, her most valuable

Ethanol blending: The two sides of a story

India`s crude oil consumption is estimated to be around 88.5% imported from abroad. This one single figure is also responsible for why ethanol has become both an economic strategy and fuel policy at the same time. In an economy like India, which depends so heavily on foreign oil, any increase in internat

Food inflation: Not a macroeconomic statistic but a developmental indicator

India`s retail inflation shows a reassuring picture at first glance. According to the latest data, Consumer Price Index (CPI) inflation edged up to 4.38% in June 2026 from 3.93% in May 2026, but continued to remain within the Reserve Bank of India`s (RBI) target band of 4% (+/- 2%). However, beneath this

Skin in the game or masterful market timing?

When a company founder opens their personal chequebook to buy shares in their own business, stock markets usually applaud. To the average retail investor, it feels like the ultimate vote of confidence, a sign that the people running the show have real skin in the game and believe brighter days are ahead.

India’s freedom struggle was shaped by wider Asian political thought

As we mark 80th anniversary of independence, ‘Asianism and the Fall of Empire’ (HarperCollins India) by historian Mithi Mukherjee offers a new perspective on Ind