Rashtriya IspatNigam Ltd (RINL) is aiming at raising its capacity to 11 mtpa by 2015 from 3 mtpa now and initiating steps to set up plants in four states including Orissa and has pumped in about Rs 50000 crore for expansion and modernization.

“The company has embarked upon expansion and modernisation projects to increase its capacity to 7.3 mtpa at a cost of Rs 20,000 crore by 2013,” Mr. P K Bishnoi, CMD, RINL told to reporters during an event.

Another Rs 25,000 crore would be invested for further expansion in order to add 4 mtpa to raise the total capacity up to over 11 mtpa by 2015 using completely new technology, he said adding nearly Rs 10,000 crore had already been spent on new projects.

The RINL CMD, was at the event to launch rural dealership scheme(RDS) to make available steel in interior areas, said the company adopted fastest wire rod mill, RH degasser and electromagnetic stirrer in steel melt shop for production of high quality cleaner steel.

Besides taking its Vizag plant to new heights, RINL is keen to set up new units in Orissa, Jharkhand, Rajasthan and Karnataka, he said adding in Karnataka it would be a joint venture with Kudremukh Iron Ore Company Ltd for which an MoU has been signed.

Talks are on with concerned states for the proposed plants, he said adding the sites would be decided depending on the availability of iron ore.

Raw material would not be a problem in Orissa as the company has acquired 51 per cent stake in Eastern Investment Limited which has Orissa Mineral Development Corporation(OMDC) and Bisra Stone Lime Company (BSLC) as subsidiaries, Bishnoi said.