Steel Authority of India Ltd (SAIL) is not afraid of the special economic zone (SEZ) status given to new steel projects.
“The SEZ status given to steel projects promoted by multinational and other private companies will not have any adverse impact on the business of SAIL,” said company director(personnel) G Ojha.
“We would rather welcome private players and face the competition,” he said.
Ojha told reporters here that SAIL is getting stronger day by day. According to him, the steel major has reported a grwoth rate of 13% as against the target of 7.3%.
SAIL has lined up an investment of Rs 49,000 crore towards its modernisation programmes during the next three and a half years to raise production from the present 14.6m tonnes to 26m tonnes by 2010.