Steel Executives Federation Advocates Merger of Steel PSUs
Steel

Steel Executives Federation Advocates Merger of Steel PSUs

The Steel Executives Federation has addressed the Prime Minister, advocating for the merger of steel Public Sector Undertakings (PSUs). In their proposal, they suggest the amalgamation of NMDC, NMDC Steel, MOIL, in addition to FSNL and RINL, as a strategic move to enhance efficiency and synergy within the steel sector.

The Federation's appeal underscores the potential benefits of consolidation, aiming to streamline operations, reduce redundancies, and create a more robust and competitive steel industry in India. The proposal aligns with the ongoing efforts to optimize the performance of PSUs and enhance their contribution to the nation's economic growth.

The merger proposition reflects a strategic vision for the future of the steel sector, emphasizing the need for a unified and integrated approach to ensure sustainability and competitiveness. As the steel industry plays a crucial role in India's economic development, the Federation's recommendation seeks to align the operations of key players, fostering a more resilient and agile steel ecosystem.

The Steel Executives Federation has addressed the Prime Minister, advocating for the merger of steel Public Sector Undertakings (PSUs). In their proposal, they suggest the amalgamation of NMDC, NMDC Steel, MOIL, in addition to FSNL and RINL, as a strategic move to enhance efficiency and synergy within the steel sector. The Federation's appeal underscores the potential benefits of consolidation, aiming to streamline operations, reduce redundancies, and create a more robust and competitive steel industry in India. The proposal aligns with the ongoing efforts to optimize the performance of PSUs and enhance their contribution to the nation's economic growth. The merger proposition reflects a strategic vision for the future of the steel sector, emphasizing the need for a unified and integrated approach to ensure sustainability and competitiveness. As the steel industry plays a crucial role in India's economic development, the Federation's recommendation seeks to align the operations of key players, fostering a more resilient and agile steel ecosystem.

Next Story
Infrastructure Transport

MoRTH to Frame IRC Norms for New-Age Machines in Highway Work

The Ministry of Road Transport and Highways (MoRTH) has decided to formally adopt Automated and Intelligent Machine-aided Construction (AIMC) for highway projects, aiming to accelerate execution and ensure timely completion. In line with this, MoRTH announced that the Indian Roads Congress (IRC) will develop new guidelines based on feedback from contractors and concessionaires actively involved in these projects.So far, MoRTH has sanctioned at least 16 highway projects where innovative construction equipment will be deployed. Additionally, the ministry is awaiting Cabinet approval for 10 more ..

Next Story
Infrastructure Energy

SECI Extends Green Ammonia Bid Deadline to 30 June

The Solar Energy Corporation of India (SECI) has extended the bid deadline for its green ammonia tender to 30 June 2025. The tender was issued under the SIGHT Scheme - Mode 2A, Tranche I, to supply 7.24 lakh tonnes annually to 13 fertiliser plants.As the implementing agency under the National Green Hydrogen Mission, SECI will enter long-term offtake agreements with selected producers, providing 10-year commercial certainty to encourage market development for green hydrogen derivatives. ..

Next Story
Infrastructure Urban

India Launches First Maritime Sector NBFC

Union Minister Sarbananda Sonowal recently inaugurated Sagarmala Finance Corporation Limited (SMFCL), India’s first NBFC dedicated to the maritime sector. Formally registered with the RBI on 19 June 2025, SMFCL evolved from Sagarmala Development Company Limited.It will address financing gaps for ports, MSMEs, startups, and maritime institutions, supporting shipbuilding, renewable energy, cruise tourism, and education. The move aligns with India’s Maritime Amrit Kaal Vision 2047 and aims to catalyse innovation and sustainable logistics growth.Union Minister of State Shantanu Thakur emphasis..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?