The new plant, which has received initial board approval, will be located near the existing IISCO Steel Plant and will have a production capacity of 4.08 million tonnes (mt). Scheduled to commence operations by 2029, the plant will be constructed on the site of an old facility.Tthe new unit will focus on manufacturing flat products like hot and cold rolled coils used in automobiles and consumer durables.

This strategic move is part of SAIL’s broader objective to increase its total production capacity from 20 mt to 35 mt by 2031, involving an overall investment of Rs 110,000 crore. As part of this expansion phase, SAIL plans to enhance capacities at its other locations, including Durgapur, Bokaro, Rourkela, and Bhilai. Pre-feasibility reports for Durgapur and Bokaro are ready, and stage-1 board approval is expected soon.

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