Ministry of Steel urges CPSEs to raise capex, streamline project ops

17 Sep 2021 CW Team

Minister of Steel Ram Chandra Prasad Singh has urged Central Public Sector Enterprises (CPSEs) to raise their capital expenditure and streamline the procedure for timely completion of the projects.

A CPSEs meeting for capex review with the Steel Authority of India Limited (SAIL), National Mineral Development Co (NMDC), Manganese Ore India Limited (MOIL), Rashtriya Ispat Nigam Limited (RINL), and Kudremukh Iron Ore Co Limited (KIOCL), the Steel Minister stressed on capital expenditure in building steel infrastructure to push sustainable growth post-pandemic.

According to a statement, during a detailed review of the project, the Ministry emphasised capital expenditure in building steel infrastructure for sustainable growth after the Covid-19 pandemic.

The Ministry also looked into the matter of land issue of Integrated steel plants of SAIL and CPSEs. He also reviewed the related land issues with Steel CPSEs, including land availability for future projects, plant expansion, land under encroachment, leasehold or freehold status, land use, etc.

He suggested Steel CPSEs expedite action to remove encroachments so that the company can utilise the land and the quarters.

He further suggested ensuring that the unmutated land in their plants is getting transformed to mutated land in the name of CPSE, in consultation with the relevant department under the state governments.

The minister also emphasised that steel CPSEs must digitalise their land records and keep them safe. He mentioned the importance of judicious use of CPSEs land in future.

Minister of Steel, State Minister Faggan Singh Kulaste, Steel Secretary Pradip Kumar Tripathi were also present in the meeting along with the Chief Managing Director of all the SAIL CPSE.

Image Source

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..