The Government of India committed to accelerate growth of steel sector: Beni Prasad Verma

Resource from: Economic Times Likes:166

Jan 10,2014

NEW DELHI: Government will help push the growth of steel industry through policy measures so as to see that India reaches 300 million tonne (MT) capacity by 2025, Steel Minister Beni Prasad Verma said today. "A roadmap for achieving the target of 300 MT of steel production is under preparation. Public as well as private sector steel plants need to be involved to take necessary steps for achieving the target," Verma said, chairing a meeting of the Parliamentary Consultative Committee attached to the Steel Ministry, in Alleppey in Kerala today. The crude capacity for steel production is 96 MT per annum at present. Verma said higher capacity will result in increased employment both in public and private sectors, according to an official statement. He also reviewed the performance of MOIL and MSTC, the two PSUs under the ministry. He expressed satisfaction that MOIL taking effective measures to meet the domestic demand of manganese ore by implementation of various mining projects such as deepening of existing vertical shafts and sinking of new shafts. MSTC has proposed a plant in India for shredding the used cars, scooters and other miscellaneous goods to add value to recycled scrap. Last fiscal, MOIL had earned Profit After Tax of Rs 431.72 crore, higher by 5.10 per cent as compared to previous year. Similarly, MSTC earned PAT of Rs 130.73 crore which was 10.4 per cent higher than the previous year.

(Economic Times)

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous CLUFIX LAUNCHES THIRD GENERATION ASSEMBLY PROCESS FASTENER
Next Air Products & Chemicals, Inc. : Patent Issued for Rotary Face Seal with Anti-Crowning Features

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.