The Ministry of Steel has confirmed an investment exceeding ₹400 crore in the Salem Steel Plant operated by Steel Authority of India Limited (SAIL). The funding aims to support capacity enhancement and operational upgrades at the facility, aligning with SAIL’s ongoing infrastructure development plans.
Investment Overview
The sanctioned investment reflects a strategic allocation toward improving production infrastructure at the Salem unit. The capital infusion is planned to support expansion initiatives and strengthen manufacturing capabilities at the plant.
Financial Snapshot of SAIL
Recent financial data provides context to the investment announcement:
| Financial Metric | Current Year | 1 Year Ago | Change |
| Total Assets | 136,370.90 | 140,708.60 | -3.08% |
| Fixed Assets | 73,326.60 | 72,426.10 | 1.24% |
| Current Assets | 41,884.60 | 48,122.60 | -12.96% |
| Total Equity | 58,905.60 | 57,101.20 | 3.16% |
The planned allocation of more than ₹400 crore represents a notable development in relation to SAIL’s current asset structure and ongoing capital investments.
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