+
Vision, innovation, reengineering at steel seminar
Steel

Vision, innovation, reengineering at steel seminar

With domestic availability of iron ore and cost-effective labour, India has been a major player in global steel manufacturing. The country has overtaken to become the world’s second largest steel producer. The Prime Minister has announced an investment of Rs 100 trillion into infrastructure over the next five years. This plan dovetails well with the National Steel Policy, 2017, which envisages 300 MTPA of production capacity by 2030-31. The current manufacturing capacity is around 112 million tonne.

Given the high degree of investments being made to improve our country’s infrastructure, it is vital that the raw materials used in these projects, the manufacturing and construction processes deployed, do not compromise on standard quality protocols.

FIRST Construction Council virtually organised the “Make in Steel Forum 2021” on 24 February 2021. The conference was structured along the theme ‘Steel sustainability & resilience for a post-Covid society’, and included four sessions focusing on the government’s vision, innovation in steel, growth in stainless steel, and re-engineering.

The panel discussions were further followed by the Make in Steel Awards 2021 that recognised and rewarded India’s Fastest Growing Steel Companies. The winning companies were selected on the basis of their six year annual performance of growth in sales and PAT with higher weightage given to the most recent years.

For the full coverage of the discussions, click here.

With domestic availability of iron ore and cost-effective labour, India has been a major player in global steel manufacturing. The country has overtaken to become the world’s second largest steel producer. The Prime Minister has announced an investment of Rs 100 trillion into infrastructure over the next five years. This plan dovetails well with the National Steel Policy, 2017, which envisages 300 MTPA of production capacity by 2030-31. The current manufacturing capacity is around 112 million tonne. Given the high degree of investments being made to improve our country’s infrastructure, it is vital that the raw materials used in these projects, the manufacturing and construction processes deployed, do not compromise on standard quality protocols. FIRST Construction Council virtually organised the “Make in Steel Forum 2021” on 24 February 2021. The conference was structured along the theme ‘Steel sustainability & resilience for a post-Covid society’, and included four sessions focusing on the government’s vision, innovation in steel, growth in stainless steel, and re-engineering. The panel discussions were further followed by the Make in Steel Awards 2021 that recognised and rewarded India’s Fastest Growing Steel Companies. The winning companies were selected on the basis of their six year annual performance of growth in sales and PAT with higher weightage given to the most recent years. For the full coverage of the discussions, click here.

Next Story
Infrastructure Urban

Naidu Seeks Rs 563 Crore For AP Sports Infrastructure

Andhra Pradesh Chief Minister N Chandrababu Naidu has sought Rs 563 crore from the Centre to boost sports infrastructure in the state, including Rs 538 crore for stadium development and Rs 25 crore to host the Khelo India Martial Arts Games 2025. Naidu made the request during a meeting with Union Youth Services and Sports Minister Mansukh Mandaviya in New Delhi on Wednesday.The CM urged early completion of Khelo India infrastructure projects in Tirupati, Rajahmundry, Kakinada, and Narasaraopeta, and called for an international-standard badminton training centre and a national aquatic sports hu..

Next Story
Infrastructure Transport

Tough Bidding Norms Slow NHAI Road Project Awards

Stringent bidding rules imposed by the Ministry of Road Transport & Highways (MoRTH) have led to a slowdown in project awards by the National Highways Authority of India (NHAI), despite a robust Rs 3.5 trillion pipeline. According to an HDFC Securities report, the shift to more cautious developer models now favours firms with strong balance sheets, as tighter qualification norms limit aggressive bidders.The revised norms mandate additional performance security, targeting the exclusion of players that previously submitted low bids—often 25 to 40 per cent below NHAI cost estimates—raisin..

Next Story
Infrastructure Transport

Mumbai Gets Coastal Nod for Next Promenade Phase

As Mumbai prepares to open two major sections of its expansive seafront promenade this week, the city’s civic authority has secured a key coastal clearance to advance further construction. The Maharashtra Coastal Zone Management Authority (MCZMA) has approved the commencement of work on the segment between Haji Ali and Baroda Palace, with tendering expected soon after project cost assessments.The promenade, stretching 7.5 km in length and 20 metres wide, is being designed as a flagship open space for walkers, joggers, and cyclists. Two critical stretches—2.75 km from Tata Garden to Haji Al..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?