India may add 60 mn tonne steel capacity by 2016-17

According to estimates of the panel, which comprises the ministry's financial adviser and representatives of almost all leading steel makers, crude steel manufacturing capacity might go up to around 142.3 million tonne by 2016-17 from 81.9 million tonne in 2011-12.

The requirement of financial closures to support an additional capacity creation of around 60 million tonne will be approximately Rs 2.5 lakh crore during the 12th Plan," it said.

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