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The Steel Ministry will explore the possibility of setting up scrap-based steel plants in Northern and Western India.
Minister for Steel Chaudhary Birender Singh said at the Parliamentary Consultative Committee for Enhancing Demand and Production of Steel that these plants will be energy efficient, eco-friendly, cost-effective and with capacity to produce high quality steel.
The government is also exploring the possibility of greenfield production capacity expansion through the Special Purpose Vehicle (SPV) route, foreign tie-ups and brownfield expansion in existing public and private sector steel plants.
Highlighting the roadmap, Singh said, “We are trying to develop indigenous capability to produce value added steel that are imported like CRGO steel and auto-grade steels. In the last two years, we have added over 15 million tonnes steel production capacity in the country.”
Singh said that inter-ministerial interventions are being made to reduce the logistics costs through reduction in rail freight and to improve raw material transportation by approval for laying slurry pipelines.
Commenting on the status of modernisation and expansion projects, Singh said that the Rashtriya Ispat Nigam Ltd (RINL) has increased its capacity to 6.3 million tonnes per annum. The company is setting up a Forged Wheel Plant at Lalganj in UP, which is scheduled to be completed by 2018.
For SAIL’s Bhilai Steel Plant, expansion is yet to be fully completed, but is in advanced stage according to a Steel Ministry statement. Also, NMDC is setting up a 3 million tonnes per annum capacity steel plant in Nagarnar, Chhattisgarh, which is at an advanced stage of completion.
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