India's Steel Consumption Surges by 13%

19 Apr 2024 CW Team

According to SteelMint data, India's domestic steel consumption experienced a notable surge of 13% during the fiscal year 2023-24, reaching a total of 136 million metric tons (MT). This growth indicates a robust demand for steel across various sectors, underlining the country's economic resilience and industrial expansion.

The substantial increase in steel consumption is attributed to several factors, including infrastructure development projects, urbanisation initiatives, and manufacturing activities across key sectors such as construction, automotive, and engineering. The buoyant demand for steel underscores its pivotal role as a fundamental raw material driving India's economic progress and industrial transformation.

The robust growth in domestic steel consumption reflects the government's efforts to stimulate economic growth through infrastructure investments and structural reforms. Initiatives such as the National Infrastructure Pipeline (NIP) and flagship programs like Make in India have contributed to bolstering demand for steel and fostering a conducive environment for industrial growth.

Furthermore, the surge in steel consumption underscores the resilience of India's manufacturing and construction sectors, which have demonstrated remarkable adaptability amid challenging economic conditions. The sustained momentum in steel consumption bodes well for the overall trajectory of India's economy, signalling confidence among investors and stakeholders in the country's long-term growth prospects.

Looking ahead, continued investment in infrastructure, urban development, and manufacturing capacity is expected to sustain the momentum in domestic steel consumption. By leveraging its abundant resources and expanding industrial capabilities, India is poised to emerge as a leading global player in the steel sector, driving economic growth and employment generation across the country.

Infrastructure Energy

28 Aug 2025

REC Hosts 56th AGM, Highlights Record Growth and Sustainability

REC Limited conducted its 56th Annual General Meeting (AGM) today through video conferencing, chaired by Jitendra Srivastava, Chairman & Managing Director. The meeting highlighted the company’s record operational and financial performance during the year, along with its strong focus on sustainability and ESG-led initiatives.Jitendra Srivastava, Chairman & Managing Director, in his address noted that REC achieved significant milestones during the year, strengthening its position as a performance-driven public financial institution. Loan sanctions stood at Rs 3.37 trillion, with disbur..

ADGBR Reviews Road Projects under Project Vartak

Additional Director General Border Roads (ADGBR) Jitendra Prasad conducted a four-day review of ongoing road and bridge construction works under Project Vartak in the area of responsibility (AoR) of the 42 Border Roads Task Force (BRTF) from 19 to 22 August.Prasad inspected key infrastructure projects including the Balipara–Charduar–Tawang (BCT) road, Sela–Chabrela–Banga Janga Gonpa road, Banga Janga Gonpa–Lagamche GG road, the Sela tunnel, and multiple roads in the Nelya sector.At various construction sites, project officials briefed him on project scope, progress, timelines, and op..

Nitin Gadkari Launches Three Highway Projects in Madhya Pradesh

Union Minister for Road Transport and Highways, Nitin Gadkari, laid the foundation stone for three National Highway (NH) projects in Madhya Pradesh on 24 August. According to the Ministry of Road Transport and Highways (MoRTH), the projects are designed to reduce travel time, ease congestion, enhance road safety, and improve connectivity across key corridors.The first project covers the four-laning of the 17.87 km Amazhar–Barela stretch, completing the Jabalpur Ring Road. The upgrade will divert heavy vehicles away from the city, reduce accident risks, and ensure smoother connectivity from A..