SAIL plans to raise iron ore output capacity to 43 MT by FY'16

In sync with the expansion of its steel-making capacity, state-owned SAIL or Steel Authority of India Ltd plans to raise the iron ore production capacity to 43 million tonne per annum by 2015-16 from the existing 28 mtpa.       The country's largest steel maker, which is also the second-largest iron ore producer after NMDC, also believes that with the ongoing and proposed expansion at the mines, it would be able to achieve 58 mtp...