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

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

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

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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code