Steel demand surge to persist, poised for 10% growth: Steel Secy

09 May 2024 CW Team

During the 'CII Conference on Future Ready and Green Manufacturing' held in the national capital, Steel Secretary Nagendra Nath Sinha conveyed that the trajectory of domestic steel demand is poised to ascend at a robust rate of 10 percent in the forthcoming years. This optimistic outlook is firmly underpinned by the steadfast commitment of the government towards bolstering infrastructure development initiatives. Sinha articulated that with the unwavering attention directed towards infrastructure projects by the government, the domestic demand for steel is primed to burgeon at a pace characterised by double-digit growth.

Expounding further on the current scenario, Sinha shared that the demand for steel had witnessed a commendable surge of 13-14 percent year-on-year during the financial year 2023-24. Encouraged by this momentum, he emphasized the conviction that this upward trajectory will persist, with the demand projected to sustain a growth rate of 10 percent in the foreseeable future.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..