+
Steel manufacturers ask for govt support for expansion projects
Steel

Steel manufacturers ask for govt support for expansion projects

Steel manufacturers have requested the government for assistance in creating demand on Monday, in addition to addressing other issues such as logistics and expedited clearances for capacity expansion.

Steel Minister Ram Chandra Prasad Singh met with members of the apex industry body Indian Steel Association (ISA) at his office here, according to the Ministry of Steel.

The meeting was attended by ISA President and SAIL Chairperson Soma Mondal, CEO AMNS India Dilip Oommen, Tata Steel CEO T V Narendran, JSW Steel Chairman Sajjan Jindal, and JSPL Chairman Naveen Jindal.

The ministry said during the meeting, steel makers discussed issues such as creating steel demand, notifying PLI scheme rules, notifying the National Mineral Index, logistics and freight issues, and obtaining quick clearances for capacity expansion, among other things.

The minister assured them that they would receive full support in resolving the issues.

Singh also advised the steel industry to increase demand by raising awareness of steel's use in projects such as housing, domestic gas, and water pipelines.

Singh directed ministry officials to hold a meeting with industry representatives to address their concerns.

The Ministry of Steel is a government of India executive branch agency in charge of formulating all policies relating to steel production, distribution, and pricing in India. As of July 2021, the ministry is led by Ramchandra Prasad Singh, a cabinet minister, and assisted by Faggan Singh Kulaste, a Minister of State.

Image Source


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

Steel manufacturers have requested the government for assistance in creating demand on Monday, in addition to addressing other issues such as logistics and expedited clearances for capacity expansion. Steel Minister Ram Chandra Prasad Singh met with members of the apex industry body Indian Steel Association (ISA) at his office here, according to the Ministry of Steel. The meeting was attended by ISA President and SAIL Chairperson Soma Mondal, CEO AMNS India Dilip Oommen, Tata Steel CEO T V Narendran, JSW Steel Chairman Sajjan Jindal, and JSPL Chairman Naveen Jindal. The ministry said during the meeting, steel makers discussed issues such as creating steel demand, notifying PLI scheme rules, notifying the National Mineral Index, logistics and freight issues, and obtaining quick clearances for capacity expansion, among other things. The minister assured them that they would receive full support in resolving the issues. Singh also advised the steel industry to increase demand by raising awareness of steel's use in projects such as housing, domestic gas, and water pipelines. Singh directed ministry officials to hold a meeting with industry representatives to address their concerns. The Ministry of Steel is a government of India executive branch agency in charge of formulating all policies relating to steel production, distribution, and pricing in India. As of July 2021, the ministry is led by Ramchandra Prasad Singh, a cabinet minister, and assisted by Faggan Singh Kulaste, a Minister of State. Image SourceAlso read: Ministry of Steel urges CPSEs to raise capex, streamline project ops

Next Story
Infrastructure Energy

Bihar Launches Rs 53.4 Billion Green Energy Plan

The Bihar government has taken a major stride towards clean energy with the launch of two new policies and the signing of agreements totalling Rs 53.4 billion. These initiatives aim to generate 2,357 megawatts (MW) of renewable energy through solar, wind, battery storage, and other sustainable technologies.The Bihar Renewable Energy Policy 2025 and the Pump Storage Policy 2025 were officially introduced at an event in Patna. Designed to attract significant investment, the policies seek to position Bihar as a key centre for clean energy projects. Energy Minister Bijendra Prasad Yadav stated tha..

Next Story
Infrastructure Transport

Bids Invited for Rs 62.5 Billion Vizag Metro Project

The long-anticipated Visakhapatnam Metro Project has made significant progress, with the Andhra Pradesh Metro Rail Corporation inviting bids for the first civil contract under Phase 1 of the Vizag Metro. The estimated cost of this contract is Rs 62.5 billion.This engineering, procurement and construction (EPC) contract covers the design and construction of a 46.23 km viaduct spanning three corridors, including a 20.16 km double-decker four-lane flyover cum metro viaduct. The project also comprises 42 elevated metro stations across Visakhapatnam.Recently, SYSTRA Consultancy signed a Memorandum ..

Next Story
Real Estate

Oberoi Realty to Buy Hotel Horizon for Rs 9.19 Billion

A consortium led by Mumbai-listed Oberoi Realty Ltd is set to acquire debt-laden Hotel Horizon Pvt Ltd in Juhu, Mumbai for Rs 9.19 billion (approximately USD 107 million) under a resolution plan approved through India’s Insolvency and Bankruptcy Code (IBC).In a filing to the stock exchange, Oberoi Realty confirmed that the Committee of Creditors of Hotel Horizon had approved the resolution plan, following which a letter of intent was issued. The consortium also includes Shree Naman Developers and JM Financial Properties.As per the resolution plan, the consortium will make a payment of Rs 9.1..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?