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Thread: Ministry of Steel - Press Releases - 2011.

  1. #21
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    Thumbs up Production of Steel in the Country.

    Press Releases
    10, March 2011

    Production of Steel in the Country

    The Minister of State for Steel (Independent Charge) Shri Beni Prasad Verma has said that data on finished steel produced by the steel plants of main, major and other producers segment (as a group) during April 2010–January 2011 is at Annexure.

    In a written reply in the Rajya Sabha today he said, consumption of steel in the country has shown an increase of 10.3 per cent during April 2010 to January 2011 as compared to the same period of previous year. This shows that demand of steel in the country is increasing. He said, in order to enhance availability of steel in the country and create a level playing field Government has the following fiscal measures in place:-

    (i) Import duty on all steel products is 5%.
    (ii) Import duty on iron and steel scrap including stainless scrap is NIL.
    (iii) Import duty on Nickel, Ferro-Nickel and Vanadium Pentaxide raw materials used for special steel products, which are not available in the country, is kept at NIL.
    (iv) Export duty on iron ore of all sizes and grades is 20%.
    Annexure

    Company-Wise Production of Finished Steel For Sale

    (In 000’ tonne)
    P L A N T S *Apr. 2010 to January 2011
    A. PUBLIC SECTOR
    BHILAI STEEL PLANT 2966
    DURGAPUR STEEL PLANT 553
    ROURKELA STEEL PLANT 1644
    BOKARO STEEL PLANT 2735
    IISCO STEEL PLANT 268
    RASHTRIYA ISPAT NIGAM LIMITED 2382
    ALLOY STEEL PLANT 42
    SALEM STEEL PLANT 110
    VISVESVARAYA IRON & STEEL PLANT 80
    Less: INTERPLANT TRANSFER 0
    Sub Total (A) : 10780
    B. PRIVATE SECTOR
    TATA STEEL LTD 4296
    MAJORS 14766
    OTHERS 32734
    Less: Own Consump.(Majors & Others) 8064
    Sub Total (B) : 43732
    Total Production for sale (A+B) 54512
    Source: JPC; * Provisional

  2. #22
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    Thumbs up Captive Iron Ore Mines for Steel Plants.

    Press Releases
    10, March 2011


    Captive Iron Ore Mines for Steel Plants

    The Minister of State for Steel (Independent Charge) Shri Beni Prasad Verma has said, as per information available with the Ministry of Steel only Tata Steel Limited and Steel Authority of India Limited are the two major steel producers who meet a large portion of their requirement of iron ore from captive sources. All other major steel producers either partially meet their requirement from captive sources or obtain the entire requirement of iron ore from the market.

    In a written reply in the Rajya Sabha today he said, cost of production of steel is dependent upon several factors such as raw material, cost of transportation, techonolgy, manpower, energy etc. However, iron ore being one of the major raw material inputs for iron and steel making, the primary steel producers having captive iron ore mines enjoy the relative benefit of lower cost of steel production.

    The Minister said, a Draft Mines and Minerals (Development & Regulation), Bill, 2010 proposed to replace the existing Mines and Minerals (Development & Regulation), Act, 1957, which governs the grant of mineral concessions for various minerals including iron ore is under consideration of a Group of Ministers (GoM) constituted in this regard.

  3. #23
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    Thumbs up Investment Plan in Steel Sector in Gujarat.

    Press Releases
    10, March 2011

    Investment Plan in Steel Sector in Gujarat

    The Minister of State for Steel (Independent Charge) Shri Beni Prasad Verma has said that as per available information in this Ministry, one major steel players i.e. Essar Steel Ltd. is having its existing steel unit at Hazira, Gujarat comprising of a 4.6 million tonnes per annum. The company has also stated that it is expanding the capacity at Hazira to produce 9.6 million tonnes per annum of various finished steel products, to be completed by December 2011.

    In a written reply in the Rajya Sabha today he said, the implementation of the project is entirely carried out by the concerned company. However, through the forum of the Inter Ministerial Group, constituted in the Ministry of Steel major issues concerning the project are reviewed periodically.

  4. #24
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    Thumbs up Adequate Availability of Raw Material.

    Press Releases

    14, March 2011

    Adequate Availability of Raw Material

    The Minister of State for Steel (Independent Charge) Shri Beni Prasad Verma has said that iron ore and coal (Coking and Non-coking) are two most important raw materials required for the steel making process. Sufficient quantity of iron ore is produced in the country to meet the requirement of the domestic steel industry.

    In a written reply in the Lok Sabha today he said, out of 218.58 million tonne of iron ore produced in the country during 2009-10, about 92.2 million tonnes (Provisional)# was consumed by the domestic steel producers and 117.37 million tonnes was exported. As far as coking coal is concerned, while the indigenous supply was 16.48 million tonnes only, the balance requirement of coking coal was fulfilled by importing 23.47 million tonnes of coking coal from other countries*. However, with a view to conserve iron ore, which is a natural resource, the Government of India has increased the ad-valorem export duty on iron ore with effect from 1st March, 2011 to 20% on all sorts of iron ore (other than pellets).

    # Source- Ministry of Mines
    * Source- Website of Ministry of Coal, Government of India

  5. #25
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    Thumbs up Development of Chiria Mines.

    Press Releases

    14, March 2011

    Development of Chiria Mines

    The Minister of State for Steel (Independent Charge) Shri Beni Prasad Verma has said that Steel Authority of India Limited (SAIL) has already initiated the process for development of 7 million tonnes per annum capacity mechanized mine with state-of-the-art technology. M/s. Hatch Associates of Australia, a consultant of global repute, has been appointed for preparation of Detailed Project Execution Report. Approval of mining plan has been obtained. Forest clearance (Stage-I) for about 595 hectares has been granted by Ministry of Environment and Forests (MoEF) on 7.3.2011 with stipulated conditions. Expert Appraisal Committee of MoEF has recommended for Environment Clearance.

    In a written reply in the Lok Sabha today he said, as per conditions stipulated in the Stage-I Forest Clearance, only mining and crushing upto secondary stage will be carried out at Chiria mine. Balance activities like processing plant, loading plant, township and other infrastructure facilities will be carried out outside the forest area. Construction and development activities would follow after grant of all the statutory clearances.

  6. #26
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    Thumbs up Energy Efficiency and Emission Reduction by Steel PSU.

    Press Releases

    14, March 2011

    Energy Efficiency and Emission Reduction by Steel PSU

    The Minister of State for Steel (Independent Charge) Shri Beni Prasad Verma has said that Ministry of Steel in association with United Nations Development Programme (UNDP) is carrying out a project on ‘Removal of Barriers to Energy Efficiency Improvement in Steel Re-rolling Mill Sector in India’. The project seeks to reduce greenhouse gas emissions by providing technical assistance to small and medium sized steel re-rolling mills in the country to enable them to adopt more energy efficient and environmentally friendly technologies. The estimated cost of the project is 14.03 Million US Dollars.

    In a written reply in the Lok Sabha today he said, at the time of granting Environment Clearance (EC) for the ongoing modernization-cum-expansion projects at the public sector steel plants, Ministry of Environment & Forests (MoEF), Government of India has stipulated certain specific and general conditions to incorporate emission reduction technologies in the plants. The conditions are being complied with by the steel companies. Further, the steel companies have envisaged many state-of-the art energy efficient technologies under their modernization plan for conservation of energy and energy efficiency improvement.

  7. #27
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    Thumbs up Production Target of Steel.

    Press Releases

    14, March 2011

    Production Target of Steel

    The Minister of State for Steel (Independent Charge) Shri Beni Prasad Verma has said that there is no target fixed by the government for production of steel by the individual steel units, as the steel sector is deregulated and the production is driven by the market demand and production capacity.

    In a written reply in the Lok Sabha today he said, however, the crude steel production in the country for 2009-10 is 65.84 million tonnes and for the period between April to January of 2010-11, it is 57.72 million tonnes. The crude steel production in the country is likely to increase in the average range of 8-10% rate at least for the next decade, on account of rising trend of steel demand in the country.

    He said, currently, India is the 5th largest steel producer in the world as per the press release of the World Steel Association (WSA). However, the country has the potential to become the 2nd largest producer of steel globally, on account of growing steel demand, rich resources base of iron ore, skilled manpower and vast experience of steel making and the huge capacity expansion planned and being executed in the steel sector. Production of finished steel in the country, during April-January period of current financial year 2010-11 has recorded an increase of 8.4%, whereas the consumption of finished steel has shown an increase of 10.9%.

    The Minister said, the role of the Government in a deregulated environment like steel is to provide a conducive policy environment and act as facilitator for rapid growth of steel industry. The decisions related to investment and productions are taken by the individual companies based on commercial considerations. However, to facilitate rapid growth of steel industry and to bridge the supply gap, the following steps have been taken by the government:-

    (i) Steel Authority of India Ltd. (SAIL) has decided to expand its crude steel product from existing 12.84 million tonnes to 21.40 million tonnes per annum by the year 2012-13. Rashtriya Ispat Nigam Ltd. (RINL) will be expanding its existing capacity of 2.9 million tonnes of crude steel production to 6.3 million tonnes per annum by December, 2011. National Minerals Development Corporation (NMDC) is setting up a 3 million tonnes per annum integrated steel plant at Nagarnar, Chhattisgarh.

    (ii) An Inter Ministerial Group (IMG) has been constituted to monitor and review issues concerning major steel investments in the country.

    (iii) Export Duty on iron ore of all types and grades, has been enhanced to 20%, in order to conserve iron ore.

    Shri Verma said, the current policy regime allows 100% Foreign Domestic Investment (FDI) in steel sector. Some multinational steel companies like POSCO and Arcelor Mittal have signed Memoranda of Understanding with respective State Governments to set up steel production units in the country. The total proposed capacity under Foreign Direct Investment is approximately 45 million tonnes.

    All companies, both in public and private sector are free to decide upon the capacity of their units, technology and product-mix. Since the public sector steel companies have also planned for capacity expansion and modernization to meet the future steel demand, it is expected that the public sector steel units will remain competitive and progressive, the minister added.

  8. #28
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    Thumbs up Steel Minister Assures of all-Possible Support for Jagdishpur Sail Unit.

    Press Releases

    14, March 2011

    Steel Minister Assures of all-Possible Support for Jagdishpur Sail Unit

    The Union Minister of State for Steel (Independent Charge), Shri Beni Prasad Verma held a meeting with senior officials from SAIL in Jagdishpur on 12th March 2011 and reviewed the progress of the ongoing revival work of Jagdishpur SAIL Unit (JSU), the erstwhile plant of Malvika Steel at Jagdishpur, Uttar Pradesh. The Steel Minister envisaged an investment of around Rs. 10,000 crore for building a modern state-of-the-art steel making unit at Jagdishpur. He said that Ministry of Petroleum at the Centre has been requested for extending support for natural gas resources. Shri Verma assured that all possible efforts shall be made to expedite the completion of the project, and said that he would personally take up the matter at the highest levels in the Government.

    For Phase-2 development of JSU, discussions with M/s Kobe Steel of Japan were held by a Joint Task Force. Options for setting up a 1,000-MW gas-based power plant and a steel plant based on gas-based DRI (direct reduced iron-making) technology and using Electric Arc Furnace for steel making with value added products are being examined.

    In response to a letter from SAIL Chairman Mr. C.S. Verma expressing solidarity with the quake-affected people of Japan, Kobe Steel has informed that the loss of life and infrastructure in Japan is huge. However, all employees and plants of Kobe Steel were almost unharmed. Therefore, they can continue the joint work of feasibility study on the new steel works at JSU, shared the Minister.

    The assets of erstwhile Malvika Steel at Jagdishpur were acquired by SAIL in the year 2009 and registered in SAIL’s name in June 2010. For reviving this set-up and to supply value-added finished products to meet the demand of the region, initially four main units were proposed under Phase-1. Two units, viz., a Warehouse with a capacity of 12,000 tons per annum and a Galvanised Sheet Corrugation unit of capacity 13,000 tons per annum are in the final stages of completion and shall be ready for commissioning very soon. Work for two more units under the current phase, viz., a TMT Bar Mill of capacity 150,000 tons per annum and a Crash Barrier Manufacturing unit of capacity 10,000 tons per annum is progressing as per schedule and shall be completed by November 2011. The inputs of GP Sheets, Billets and HR sheets for all these facilities will be sourced from the existing plants and units of SAIL. The finished products will be despatched through road.

    SAIL is carrying out many activities under Corporate Social Responsibility (CSR) in and around Jagdishpur. The School inside the campus has been renovated with basic amenities and playground. 210 children have been registered with the school and are studying. Medical health check up camps organized in nearby villages/ schools regularly and necessary medicines disbursed. Medical health centre with one doctor and two pharmacists is functional; one ambulance is also in operation. Many patients are being examined daily in the health centre and free medicines are provided to them

  9. #29
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    Thumbs up MOIL Presents Dividend Cheque of Rs. 30 Crore to Steel Minister.

    Press Releases

    15, March 2011

    MOIL Presents Dividend Cheque of Rs. 30 Crore to Steel Minister

    MOIL Limited earlier known as Manganese Ore (India) Limited (MOIL), a Miniratna Category-I PSU under the Ministry of Steel has declared 25% interim dividend to its shareholders for the year 2010-11. The Government of India holds 71.57 % shares of MOIL. The Interim Dividend cheque amounting to Rs. 30.06 crore was presented to the Minister of State for Steel (Independent Charge) to Shri Beni Prasad Verma by Shri K.J. Singh, Chairman cum Managing Director of the company.

    The Minister expressed his happiness over the consistent good performance of the company and assured full support of the Government for better performance and development of the company.

    The total paid up equity of the company is Rs. 168 crores. During 2010-11, 20% of the total paid up equity of the Company {10% out of GOI shareholding (81.57%), 5% out of Govt. of Madhya Pradesh shareholding (8.81%) and 5% out of Govt. of Maharashtra shareholding (9.62%)} was offered to the public through Offer for Sale and the Company got listed on 15th December, 2010 in both National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE).

    The company has been consistently showing excellent performance for past several years. The company has been taking effective measures to meet the domestic demand by implementation of various mining projects such as deepening of existing vertical shafts and sinking of new shafts. Besides, the company has also set up joint venture companies with SAIL and RINL for manufacture of ferro alloys.

    During the year 2010-11 (April-December), the production of manganese ore was 8.14 lakh tonnes. Total Sales turnover during this period was Rs. 862.17 crores (provisional). The company earned profit before tax of Rs. 656.18 crores (provisional) and profit after tax of Rs. 435.21crores (provisional) during this period. The company has a budget of Rs. 5.42 crores for its CSR activities during 2010-11.

    During the year 2009-10, the production of manganese ore was 10.93 lakh tonnes. Total Sales turnover of 2009-10 was Rs. 965.47 crores. The company earned profit before tax of Rs. 706.79crores and profit after tax of Rs. 466.35 crores during this period. The company spent approximately Rs. 1.57 crores as a part of its CSR activities during 2009-10.

  10. #30
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    Thumbs up Steel Minister Reviews Performance of RINL.

    Press Releases

    23, March 2011

    Steel Minister Reviews Performance of RINL

    The Union Minister of State for Steel (Independent Charge), Shri Beni Prasad Verma reviewed the quarterly performance of Rashtriya Ispat Nigam Limited (RINL) here yesterday. He asked RINL to explore the possibility of setting up a slag cement plant at Visakhapatnam, inviting partners of international repute.

    Appreciating the performance of company, he said, RINL is making profit continuously for last eight years, though the company does not have captive iron ore and coal mines. He said that RINL’s profitability would have been further higher by over Rs. 1500 crores annually, had the company captive iron ore mines with them like other steel industry.

    The Steel Minister assured for extending all possible help for early allotment of both iron ore and coal mines to RINL in the national interest to meet the growing requirement of steel in the country. RINL has already submitted several applications for allotment of iron ore mines in the State of Jharkhand, Andhra Pradesh, Orissa, Rajasthan and Chhatisgarh.

    RINL has been operating the plant continuously for last several years over 100% rated capacity with good techno-economic parameters some of them meeting international standards, higher production of special steel, better customer satisfaction and faster implementation of expansion projects.

    The Secretary, Ministry of Steel, Shri P.K. Misra, mentioned that Phase-1 expansion of the plant to produce 6.3 Million Tonnes of liquid steel is progressing fast towards its integrated commissioning to start production within 4-5 months. He also asked RINL to bring CDI technology quickly to offset part of coal cost.

    The Steel Secretary and CMD, RINL Shri P.K. Bishnoi underlined the urgent need for the company to have captive iron ore mines which would improve the profitability and generate surplus cash to meet the requirement of liquidity for its growth plan drawn.

    It was informed that consultant for preparation of Feasibility Report for next phase of expansion has already been engaged to add capacity further to produce 11 Million Tonnes at Visakhapatnam unit. In this phase, the company would be looking for producing flat products, value added steel like Seamless Tube, Silicon Steel, API grade steel, Higher Dia rounds for high-end forging sector etc.

    The senior officials of the Ministry of Steel and Board Members of RINL attended the meeting.

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