The Minister of State for Steel, Shri Vishnu Deo Sai has said that Rashtriya Ispat Nigam Ltd. (RINL) has engaged a consultant to assess the full potential of growth at the existing layout at Visakhapatnam and in line with the report, RINL has revised its mission to attain 20 million tonne per annum (mtpa) capacity. However, the exact cost will be known on freezing of proposals, depending on selection of product mix etc. The details of capacity expansion pertaining to 20 mtpa will be worked our progressively.
In a written reply in the Rajya Sabha today, Shri Vishnu Deo Sai said RINL has got the Feasibility Report for next phase of capacity expansion to 12 mtpa prepared by a consultant for implementing after completion of 6.3 Mtpa expansion. The financing would be from internal accruals with a debt equity ratio of around 1:1. However, it would depend upon cash generation, expenditure required to be met etc. which would be known progressively form time to time.