Government to double Rourkela Steel Plant capacity
pre-market1 source ↓written by the desknot a recommendation
- Steel Plant
- 9.8 million tonnes
- 2030
- investment
- ₹30,000 cr
- will be allocated
- ₹9,000 cr
The Union Minister for Steel announced plans to double the capacity of the Rourkela Steel Plant to 9.8 million tonnes by 2030 with a ₹30,000 cr investment. Additionally, ₹9,000 cr will be allocated for modernization to enhance global competitiveness.
This significant expansion may boost investor sentiment in the steel sector and attract further investments.
Not investment advice. For informational purposes only.