JOHANNESBURG--March 5, 2013--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--India's state-controlled Steel Authority of India (SAIL) is planning to invest $2.4 billion in the next fiscal year to expand its installed production capacity to 24 million tons per year. This is an increase of $181 million over what SAIL is expected to invest in the current year, but $272 million lower than the year's budget estimate. The company has spent less than expected during the fiscal year.