SAIL Opens Steel Yard at Vellanaipatti; Boost To Msmes

19 Dec 2024 CW Team

Steel Authority of India Limited (SAIL) has opened a steel yard in Coimbatore, providing much-needed relief to micro, small, and medium enterprises (MSMEs) in the region. The yard, spanning 3.5 acres in Vellanaipatti, will maintain ready-to-purchase steel products and sign agreements with MSMEs to supply their steel requirements on a long-term basis. President of the Coimbatore District Small Industries Association (CODISSIA) M Karthikeyan said that SAIL plans to stock up to 5,000 tonnes of steel in the yard. "Currently, the yard has around 450 tonnes of stock, with another 450 tonnes in transit," he said. Karthikeyan emphasised that direct procurement of steel from SAIL would save MSMEs approximately 2-3 per kilogram compared to market prices. "If SAIL sells steel to dealers in bulk, they will resell it to us at higher prices. We have informed SAIL officials that we will raise this issue if they prioritise bulk sales to traders," he added. To ensure MSMEs benefit, SAIL officials assured CODISSIA that steel would also be sold in smaller quantities, with a minimum of 3 tonnes per transaction. Additionally, MSMEs that sign a memorandum of understanding (MoU) with SAIL and commit to procuring a minimum of 1,200 tonnes annually will receive an extra ?300 discount per tonne. SAIL has also expressed its willingness to arrange and stock specific steel products required by industries in the region. The organisation has requested industries to sign agreements for their requirements until March 31, 2025. MSME industrial organisations have urged SAIL to introduce smaller sales categories, starting from 500kg, to cater to the needs of small-scale industries. Vice-president of the Tamil Nadu Small and Tiny Industries Association (TANSTIA) S Surulivel stressed that small industries cannot afford to buy steel in tonnes. "They require smaller quantities. Sales should begin from a minimum quantity of 500kg. Steel must be available in various categories based on demand. This approach will ensure that small-scale industries truly benefit. Selling only in bulk will favour medium and large industries," he said.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Steel Authority of India Limited (SAIL) has opened a steel yard in Coimbatore, providing much-needed relief to micro, small, and medium enterprises (MSMEs) in the region. The yard, spanning 3.5 acres in Vellanaipatti, will maintain ready-to-purchase steel products and sign agreements with MSMEs to supply their steel requirements on a long-term basis. President of the Coimbatore District Small Industries Association (CODISSIA) M Karthikeyan said that SAIL plans to stock up to 5,000 tonnes of steel in the yard. Currently, the yard has around 450 tonnes of stock, with another 450 tonnes in transit, he said. Karthikeyan emphasised that direct procurement of steel from SAIL would save MSMEs approximately 2-3 per kilogram compared to market prices. If SAIL sells steel to dealers in bulk, they will resell it to us at higher prices. We have informed SAIL officials that we will raise this issue if they prioritise bulk sales to traders, he added. To ensure MSMEs benefit, SAIL officials assured CODISSIA that steel would also be sold in smaller quantities, with a minimum of 3 tonnes per transaction. Additionally, MSMEs that sign a memorandum of understanding (MoU) with SAIL and commit to procuring a minimum of 1,200 tonnes annually will receive an extra ?300 discount per tonne. SAIL has also expressed its willingness to arrange and stock specific steel products required by industries in the region. The organisation has requested industries to sign agreements for their requirements until March 31, 2025. MSME industrial organisations have urged SAIL to introduce smaller sales categories, starting from 500kg, to cater to the needs of small-scale industries. Vice-president of the Tamil Nadu Small and Tiny Industries Association (TANSTIA) S Surulivel stressed that small industries cannot afford to buy steel in tonnes. They require smaller quantities. Sales should begin from a minimum quantity of 500kg. Steel must be available in various categories based on demand. This approach will ensure that small-scale industries truly benefit. Selling only in bulk will favour medium and large industries, he said.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

Real Estate

10 Jul 2026

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Real Estate

10 Jul 2026

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..