India produces 120 mt of crude steel in 2022: Steel Minister
Steel

India produces 120 mt of crude steel in 2022: Steel Minister

Steel Minister Ram Chandra Prasad Singh told the media that India produced 120 million tonnes (mt) of crude steel during the financial year (FY) ended March 31, 2022.

At 120 mt, the output was about 18% higher compared to the country's production in the prior fiscal year.

India produced around 102 mt of steel in 2020-21, according to official data.

The steel sector in India has traversed a fascinating journey from 1 mt at the time of independence to 120 mt in the last financial year, the steel ministry said at the National Metallurgist Award 2021 on Wednesday.

The award has been instituted to acknowledge the contributions of metallurgists working in the iron and steel field.

The areas covered in the award are manufacturing, waste management, research and development (R&D), design, education, energy conservation, and their specific contribution to achieving the government's Aatmanirbhar Bharat mission objectives.

Singh said steel application across segments would witness a quantum jump, and newer areas of usage such as drone technology will provide abundant opportunities to the steel players.

The awardees were shortlisted by the ministry via a transparent process through a two-stage mechanism of screening committee and selection committee. The applications for participation in the award process were invited by the ministry via a notification, according to the statement.

Image Source

Also read: Indian steel mills step in to fill supply gap by Russia-Ukraine war

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Steel Minister Ram Chandra Prasad Singh told the media that India produced 120 million tonnes (mt) of crude steel during the financial year (FY) ended March 31, 2022. At 120 mt, the output was about 18% higher compared to the country's production in the prior fiscal year. India produced around 102 mt of steel in 2020-21, according to official data. The steel sector in India has traversed a fascinating journey from 1 mt at the time of independence to 120 mt in the last financial year, the steel ministry said at the National Metallurgist Award 2021 on Wednesday. The award has been instituted to acknowledge the contributions of metallurgists working in the iron and steel field. The areas covered in the award are manufacturing, waste management, research and development (R&D), design, education, energy conservation, and their specific contribution to achieving the government's Aatmanirbhar Bharat mission objectives. Singh said steel application across segments would witness a quantum jump, and newer areas of usage such as drone technology will provide abundant opportunities to the steel players. The awardees were shortlisted by the ministry via a transparent process through a two-stage mechanism of screening committee and selection committee. The applications for participation in the award process were invited by the ministry via a notification, according to the statement. Image Source Also read: Indian steel mills step in to fill supply gap by Russia-Ukraine war

Next Story
Infrastructure Energy

Waaree Acquires 64 Per Cent in Kotsons for Rs 1.92 Billion

Waaree Energies Limited, India’s largest solar module manufacturer, has acquired a 64 per cent equity stake in transformer manufacturer Kotsons Private Limited for Rs 1.92 billion, the company announced on Tuesday. The acquisition makes Kotsons a subsidiary of the Mumbai-headquartered renewable energy firm.The strategic move is aimed at bolstering Waaree’s position in the integrated clean energy value chain. The capital infusion will support the expansion of Kotsons’ manufacturing capacity at its existing facility in Alwar, Rajasthan, which currently produces 4,000 MVA worth of transform..

Next Story
Infrastructure Energy

India’s RE Investments Hit $1.23 Billion in August 2025

Investments in India’s renewable energy (RE) sector surged to $1.23 billion (approx. Rs 102.2 billion) in August 2025, marking a 45 per cent increase from $848 million (approx. Rs 70.4 billion) recorded in the same month last year, according to a report by JMK Research.The sharp rise in funding reflects sustained momentum in the clean energy space, particularly in solar, wind, and battery energy storage systems (BESS).Among the largest investments in August was a Rs 31.84 billion long-term project financing secured by Acme Hybrid Urja, a subsidiary of ACME Solar, from REC Ltd. The funds will..

Next Story
Infrastructure Energy

WRI, CII Launch Alliance to Drive Clean Energy in Industry

WRI India and the Confederation of Indian Industry (CII) have jointly launched the CI-NERGY Alliance – Steering Energy Transitions to accelerate clean energy adoption within India’s commercial and industrial (C&I) sector. The initiative was unveiled during Connect Karo 2025 in New Delhi.The alliance seeks to support India’s broader climate goals—achieving 50 per cent of power capacity from non-fossil fuel sources by 2030, and net zero emissions by 2070. Given that the C&I sector is among the highest electricity consumers in the country, its decarbonisation holds substantial pot..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?