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
Union Minister for Steel and Heavy Industries HD Kumaraswamy said the Vizag steel mill will not be privatised.
Declaring that the plant is a vital source of livelihood for a large number of people, the central government bears the responsibility to safeguard it. He also expressed confidence that the plant will realise its maximum potential and help India's GDP develop with the backing of Prime Minister Narendra Modi.
Steelworkers' unions have been demonstrating against the planned privatisation of VSP for the last three years.
The plant's production has been lowered due to financial difficulties. It is seeking a working capital of ₹3,110 crore from the federal government, as well as three years of tax respite and an assured supply of raw materials.
Also Read : FY'24 asset monetisation falls short of target at ₹1.50 lakh cr Chhattisgarh govt decides to revive aluminium park project in Korba
InCred, an analyst organisation, predicts that domestic steel spreads in India will fall further in...
Ferrous 26-Jun-2024
Tata Group, an Indian conglomerate, revealed on Wednesday that its new multibillion-pound battery ma...
Large Corporate 28-Feb-2024
1️⃣ BMW Industries and Steel Ministry join forces for specialty steel production.2️⃣ The partnership...
Business 27-Mar-2025
According to Union Minister Jyotiraditya Scindia, the government's goal is to raise the proportion o...
Raw Material 25-Jan-2024
Maharashtra will position itself as a national hub for green steel, Chief Minister Devendra Fadnavis...
India 19-Sep-2025
Meghalaya government is proposing to allocate more than ₹2,500 crore for the construction of a new a...
Construction 08-Feb-2024