A capital expenditure (Capex) of Rs 5,700 crore and Rs 7,500 crore has been approved for SAIL (NSE:SAIL) for financial years 2024-25 and 2025-26 respectively, Minister of State for Steel Bhupathiraju Srinivasa Varma informed the Lok Sabha on Tuesday. The Capex includes expenditure against milestone payments for completed schemes, progress payment for ongoing schemes and SAIL’s portion in capital expenditure in joint ventures, he pointed out.
In answer to another question, the minister said SAIL has spent Rs 18.37 crore in the first half of 2024-25 on Corporate Social Responsibility (CSR) projects.
