Steel: Crucial in India’s ascent to $5 Trillion economy The Government’s vision to achieve a $5 trillion economy by 2024 entails investments worth INR 100 lakh crore in infrastructure sectors, including several steel intensive sectors like Housing for All, 100% electrification, piped water for all etc. Steel has several inherent advantages of durability, faster completion time, reduced environmental impact, and ...

Minister of Petroleum and Natural Gas and Steel, Shri Dharmendra Pradhan participated in the 33rd National Conference of All India Induction Furnace Association of India (AIIFA) on Secondary Steel Sector. Theme of the Conference was “Most advantageous route of Environment friendly steel making through Electric Induction Furnace (EIF) and its global acceptance”. Minister of State for Steel, Shri Faggan Singh ...

Union Minister for Steel and Petroleum & Natural Gas, Shri Dharmendra Pradhan participated in the ‘Steeling India-2019: Driving metal intensity in key sectors’ organised by CII here today. In his inaugural address, Shri Pradhan talked about opportunities in steel sector of India, growing steel demand and how technology and innovation can make the Indian steel sector more vibrant. Speaking about ...

Ministry of Steel has issued the Steel Scrap Recycling Policy. The policy aims to achieve the following objectives – ·  To promote circular economy in the steel sector. ·  To promote a formal and scientific collection, dismantling and processing activities for end of life products that are sources of recyclable (ferrous, non- ferrous and other non-metallic) scraps which will lead ...

Union Minister of Petroleum & Natural Gas and Steel Shri Dharmendra Pradhan visited the Corporate Office of NMDC Limited at Hyderabad today, and reviewed NMDC’s performance. The Minister met CMD, Directors and employees of the company. Shri Pradhan, during his interaction with the top management said, NMDC, being one of the largest mining companies in India, should focus on increasing ...

Union Minister of Commerce & Industry and Railways, Piyush Goyal and Minister of State for Commerce & Industry, Hardeep Singh Purilaunched Steel Import Monitoring System (SIMS) in New Delhi The system has been developed in consultation with Ministry of Steelon the pattern of US Steel Import Monitoring and Analysis (SIMA) system. The SIMS will provide advance information about steel imports to Government ...

Prominent steel manufacturers met today at Bhubaneswar and interacted on the vision of achieving 100 MTPA capacity for steel production in Odisha. Addressing more than 60 steel manufacturing companies, Dibya Shanker  Mishra, Minister of Industries, Odisha mentioned that the state provides an unparalleled conducive ecosystem for the steel industries to expand their manufacturing facilities. He also stated that the State ...

Steel Authority of India Limited (SAIL) has five Integrated Steel Plants viz. Bhilai Steel Plant (BSP), Durgapur Steel Plant (DSP), Rourkela Steel Plant (RSP), Bokaro Steel Plant (BSL) and IISCO Steel Plant (ISP) and three Special Steel Plants viz. Alloy Steels Plant (ASP), Salem Steel Plant (SSP) and Visvesvaraya Iron and Steel Plant (VISP). The Saleable Steel production of these ...

As per the Companies Act, 2013, Central Public Sector Enterprises (CPSEs) under Ministry of Steel earmark at least 2% of the average net profits made during the three immediately preceding financial years for Corporate Social Responsibility (CSR) activities. Unspent balance for the previous year, if any, is carried forward to the next year for utilisation for the purpose for which ...

The State-wise number and details of the Steel plants established by the Government and other enterprises in the country at present are given at Annexure. To promote a Steel SPV in the state of  Jharkhand, an MoU between Ministry of Steel, Government of Jharkhand and NMDC was signed on 28th June, 2015.  Owing to non-allocation of captive iron ore mining lease by ...