ministry of steel

Govt working on policy for decarbonisation of steel sector – ET Infra

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The Centre is working on developing a policy framework for formulating strategy, roadmap and action plan for decarbonisation of the steel sector, a top official said on Tuesday. Speaking at an event here steel secretary Sandeep Poundrik said, “The ministry of steel is working on developing a policy framework…while covering solutions ranging from minimisation to […]

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Steel ministry backs industry’s demand to raise tariffs – ET Infra

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“Our steel industry is facing a lot of problems. They are suffering,” Kumaraswamy told reporters. India’s steel minister will try to convince the finance ministry to raise tariffs on steel imports, he said on Wednesday, to protect domestic mills from a rise in cheaper imports from countries such as China. India, the world’s second biggest

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NMDC net profit grows 18 pc to Rs 1,963 crore in Q1 – ET Infra

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NEW DELHI: State-owned NMDC has reported 18 per cent growth in its consolidated net profit at Rs 1,963.35 crore during the June quarter, on account of reduced expenses. It had posted a net profit of Rs 1,661.04 crore in the April-June period of the preceding financial year, the company said in an exchange filing on

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Vinod Kumar Tripathi appointed as Government Director on MOIL Board, replaces Sanjay Roy – ET Infra

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MUMBAI: The Ministry of Steel’s joint secretary, Vinod Kumar Tripathy, has been named as a government director on the MOIL board, according to an exchange filing. As a result, MOIL stated in the filing, Sanjay Roy is no longer the government nominee director on the company’s board. “We have received an order dated 18.07.2024 from

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India aims to safeguard steel trade interests from EU carbon levy – ET Infra

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India‘s government has assured domestic steelmakers that it is looking at ways to address their concerns about the EU’s planned tariffs on imports of high-carbon goods and is discussing the issue with its European counterparts, a government official said. “We are discussing with stakeholders and continuing to look at ways in which India’s trade interests

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NMDC iron ore output grows 37 pc in Aug; sales up 25 pc – ET Infra

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NEW DELHI: State-owned NMDC on Friday posted a 37.5 per cent jump in iron ore production at 3.41 million tonnes (MT) in August 2023. The miner had produced 2.48 MT of iron ore in the same month last year. During August, the company’s sales also rose by 25 per cent to 3.54 MT from 2.83

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India’s defence indigenization: SAIL supplies steel for Navy’s P17 A project – ET Infra

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The special steel plates supplied by SAIL have high strength, toughness and corrosion resistance, making them ideal for naval applications. One of India’s largest steel producers Steel Authority of India Limited (SAIL) has once again demonstrated its strong focus on enhancing the country’s defence capabilities by supplying the entire quantity of special steel plates required

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Ministry forms 13 task forces for decarbonisation of steel sector – ET Infra

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The steel sector has adopted the best available technologies globally, in the modernization and expansions projects. The Ministry of Steel has constituted 13 task forces with the engagement of industry, academia, think tanks, S&T bodies, different ministries and other stakeholders to discuss, deliberate and recommend upon decarbonisation of the steel sector. The Task Force on

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NMDC crossed 40 MT production level in FY23: Steel Minister Scindia – ET Infra

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NEW DELHI: State-owned NMDC has crossed 40 million tonnes (MT) production level in financial year (FY) 2022-23, Union Steel Minister Jyotiraditya Scindia said on Thursday. The minister termed the production level achieved by NMDC as ‘a record-breaking’ development. “NMDC has achieved a record-breaking production for the period up to July 2023 and has already crossed

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