Sail nod for Rs1,553cr Salem Steel expansion

 The steel making facility will include a 50-tonne electric furnace, 60 tonne AOD converter with ladle furnace and single stand slam caster. The expansion of Salem's cold rolling mill was expected to help improve the plant's market share in the value-added growth segment of the stainless steel market.

The plant's cold rolling capacity will go up from 65,000 tonnes to 146,000 tonnes per annum with the addition of an annealing and pickling line among other facilities as part of the expansion plan, the release added.