Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
✅ Steel Ministry Secretary to meet AP CM on March 31 for VSP revival talks.
✅ Focus on operational improvement and strategic partnerships.
✅ Government aims to avoid privatization and strengthen plant's financial health.
The Steel Ministry Secretary is scheduled to meet Andhra Pradesh Chief Minister Chandrababu Naidu on March 31 to discuss the revival of Visakhapatnam Steel Plant (VSP). The meeting aims to explore strategic options to boost the plant’s production and financial health amid mounting pressure to privatize.
The meeting comes amid rising concerns over the future of VSP, which has been struggling with financial losses and operational challenges. The government has been under pressure from trade unions and political parties to avoid privatization and find a sustainable revival strategy.
Also Read : Parliamentary Panel Flags Slow Capex in Steel, Mines PSUs Indian govt confirms no plans for privatisation of shipping and ports
Global steel giant ArcelorMittal on Thursday posted a net loss of $2,966 million during the December...
Large Corporate 08-Feb-2024
Tata Steel Rolls Out First Galvanised Coils from New Kalinganagar Tata Steel has commenced pr...
Construction 07-Aug-2025
New Delhi, India – Former U.S. President Donald Trump's decision to impose 25% tariffs on ste...
USA 12-Mar-2025
The Union Minister for Power and New & Renewable Energy, Shri R. K. Singh, chaired a meeting in...
Press Releases 26-Feb-2024
India is deepening its trade partnership with Russia to import specialty steel grades, as European a...
India 28-Oct-2025
BMW Invests ₹803 Crore to Expand High-End Steel Production in Bokaro BMW Industries has announced a...
India 25-Aug-2025