Naya Raipur: State-owned steel major SAIL on Friday said it plans to invest USD 8 billion (around Rs 42,000 crore) in Chhattisgarh, but did not share the timeline.
"We have already invested USD 12 billion in the state and another USD 8 billion is in the pipeline," CMD SAIL C S Verma said while addressing a gathering at Global Investors Meet here.
SAIL also plans to enhance the capacity of its Bhilai steel plant from 4 million tonnes per annum (MTPA) to 10 MTPA.
"We are expanding the capacity of Bhilai plant from 4 MTPA to 7.5 MTPA and further 10 MTPA," Verma said without divulging any timeline for the proposal.
First Published: Friday, November 02, 2012, 17:04