Steel Authority of India Limited will double its production of iron ore from its mines to 38 mtpa (million tonne per annum) in tandem with the Rs 70,000-crore steel making capacity expansion plan for producing over 23 million tonne of hot metal a year. The expansion is set to be completed by 2012-13.
SAIL said its raw materials division was working on capacity enhancement of its existing mines at Kiriburu, Meghahatuburu, Bolani and Gua and development of new mines at Chiria and Taldih.
The steel major has already outlined an investment of Rs 10,264 crore to enhance captive ore production. After expansion, the combined capacity of the existing mines at Kiriburu, Meghahatuburu and Bolani will move up from 12.6 mtpa to 22 mtpa. Contracts for most of the packages of these projects have already been awarded and are likely to be completed by 2012-13.
Gua will also be developed up to 10 MTPA along with beneficiation and pelletisation facilities. Currently, the Gua mine has crushing, screening, conveying and wagon loading facility capable of dealing with 2.4 MTPA. New facilities are being created to increase the capacity of the Gua mine to 10 MTPA.