Republic of India becomes second largest steel producer

[Hindustani78]

The two companies, Tata Steel and Thyssenkrupp, expect annual synergies of 400-600 million euros.
Tata Steel on Wednesday said its deal with German steel giant Thyssenkrupp to merge their steel operations in Europe in a 50:50 joint venture will help it grow faster and double capacity.

“Tata Steel India is in a strong position to grow faster and set to double its capacity through organic or inorganic route, post deal with Thyssenkrupp,” Tata Group Chairman N. Chandrasekaran said on September 20.

Earlier in the day, the domestic steelmaker announced signing of an agreement with Thyssenkrupp to merge their steel operations in Europe in a 50:50 joint venture company.

The deal creates a strong and clean balance sheet, coupled with strong products and research and development capabilities to grow, Mr. Chandrasekaran said.

He further said the two partners expect the deal to close by December this year or early next year.

As per the memorandum of understanding (MoU) signed between the two, the proposed JV — Thyssenkrupp Tata Steel — would be headquartered in Amsterdam region of the Netherlands and will supply premium and differentiated products to customers, with annual shipments of about 21 million tonnes of flat steel products.

The two companies expect annual synergies of 400-600 million euros.

 

[Hindustani78]

Ministry of Steel
22-September, 2017 14:34 IST
SAIL set to leverage domestic growth potential, banks on new product mix

SAIL’s drive focusing rural market, internal remodelling to add to Company’s stronger performance

Addressing the 45th Annual General Meeting of Steel Authority of India Ltd. (SAIL) held here today, Chairman SAIL, Shri PK Singh was confident of improvement in Company’s performance starting this financial year (FY 2017-18) backed by several management initiatives in every area of operations. Shri Singh said that, “Given the current stage of development in Indian economy and the likely growth path for Country's economy in next decade, the steel demand in India will witness significant growth in future. SAIL with newer and better technologies at its disposal aims to leverage potential of growth in steel demand by operating at rated capacities, product differentiation and customer satisfaction.” World steel association too, in its short range outlook has a forecast of 6.1% growth in steel consumption for India in 2017. The Company since inception has produced 475 Million Tonnes (MT) of Crude steel and has partnered in all major national projects requiring steel. Shri Singh added that, “the Company achieved 14% higher turnover during FY 2016-17 over previous year owing to increase in both sales volume (which grew by 8%) and Net Sales Realisation (NSR) of Saleable Steel of five Integrated Steel Plants by about 6%. The increase in NSR was partly due to an overall improvement in price levels and partly due to measures in enriching Company's product mix.”

Sharing the developments on Company’s endeavors towards product value addition, Shri Singh added that, “SAIL has done significant value addition in its product mix, with higher grades of steel like API X-70 from RSP's New Plate Mill for the oil & gas sector, SAIL HT-600 for the automotive sector and high strength LPG steel grade from Bokaro Steel Plant, etc. Continuous product development efforts are being made with intensive R&D efforts especially from the new state of the art mills commissioned under the Modernisation and Expansion Plan. Amongst the Indian steel producers your company continues to be in the forefront in R&D with the highest spending.” Going further he added that, “SAIL’s state-of-the-art New Universal Rail Mill at its Bhilai Steel Plant (BSP) was inaugurated by Hon'ble Steel Minister earlier this year, where World's longest single piece rail of 130 mtrs length is being produced and supplies of welded 260 mtrs rail panels to Indian Railways is in progress. The already operational new facilities under modernization and expansion were ramped up during the year. New Blast Furnace at Rourkela Steel Plant (RSP) achieved about 100% of its capacity, whereas, other facilities like the New Plate Mill (NPM) also produced near to their rated capacities and it is very near to operating at 100% of its capacity.” He also added that the Wire Rod Mill of ISP will be soon producing world class Wire rods in special grades to meet the requirement of the Indian and Global Steel industries. He also sounded assured of the global trends in steel industry, and said that, “World economic recovery is on track and a pickup in Global growth presents a healthy sign for industrial and manufacturing activities across globe. Meanwhile, India is projected to become the world's fifth largest economy in 2017, surpassing UK and France and the world's third largest economy by 2023, surpassing Japan and Germany. India's GDP is projected to rise from USD 2.2 trillion in 2016 to USD 3.6 trillion by 2020. This augurs well for businesses that are focused on domestic growth in the future.” He added that such kind of growth will definitely create larger steel demand and boost consumption in country.

Throwing light on Company’s new initiatives towards remodelling its operations, Shri Singh mentioned that, “drives including SAIL steel - Gaon ki ore, a campaign designed to boost SAIL steel consumption in rural India, SAIL Uday for improving SAIL’s all round performance, SAIL management’s large group interactions at every Plant – for improving cross functioning within organization, adopting social media at large to engage a larger audience etc. will all translate into Company’s better, sounder and stronger performance. At a time when domestic steel demand is improving on back of government backed policies and developmental goals, SAIL is also expeditiously equipping itself to serve market requirements fully and claim broader market share.

 

[Hindustani78]

Prime Minister's Office
02-October, 2017 18:31 IST
PM to visit Himachal Pradesh on Tuesday


The Prime Minister, Shri Narendra Modi, will visit Bilaspur in Himachal Pradesh, on Tuesday.

The Prime Minister will lay the foundation stone for the All India Institute of Medical Sciences (AIIMS), at Bilaspur. This 750 bed hospital will be built at a cost of approximately Rs. 1350 crore. In addition to healthcare, it will also provide medical education at the under-graduate and post-graduate level, besides nursing.

The Prime Minister will lay the foundation stone for the Indian Institute of Information Technology (IIIT), at Una.

Shri Narendra Modi will also inaugurate a Steel Processing Unit of Steel Authority of India Limited (SAIL), at Kandrori, Kangra.

He will later address a public meeting.



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[Hindustani78]

Prime Minister's Office
03-October, 2017 13:32 IST
PM visits Himachal Pradesh, lays foundation stone for AIIMS at Bilaspur


The Prime Minister, Shri Narendra Modi, visited Bilaspur in Himachal Pradesh today.

The Prime Minister laid the foundation stone for the All India Institute of Medical Sciences (AIIMS), at Bilaspur. This 750 bed hospital will be built at a cost of approximately Rs. 1350 crore. In addition to healthcare, it will also provide medical education at the under-graduate and post-graduate level, besides nursing. The Prime Minister also unveiled a plaque to mark the launch of Digital Nerve Centres for primary healthcare.

The Prime Minister laid the foundation stone for the Indian Institute of Information Technology (IIIT), at Una.

Shri Narendra Modi also inaugurated a Steel Processing Unit of Steel Authority of India Limited (SAIL), at Kandrori, Kangra.

***

 

[Zen0]

Step by step

 

[Hindustani78]

The Prime Minister, Shri Narendra Modi unveiling the plaque to mark the inauguration of Steel Processing Unit of SAIL, in Bilaspur, Himachal Pradesh on October 03, 2017.

 

[Hindustani78]

Ministry of Steel
12-October, 2017 17:34 IST
Union Steel Minister Shri Birender Singh asks MECON to think big and rise to its potential

Union Steel Minister Shri. Birender Singh chaired a mid-year review meeting with top management of MECON, a PSU under Ministry of Steel. The meeting was held in the presence of attended by Secretary, Steel Dr. Aruna Sharma. and senior officials from Ministry and MECON.

In his opening remarks, Shri Birender Singh said,"MECON must utilize its rich experience and expertise in the metallurgical engineering to enhance capacity utilization and product improvement by Steel PSUs. MECON can surely play a significant role in enhancing steel consumption in India by working on steel-intensive structures and exhibiting the advantages of using steel in buildings and other structures. With envisaged 300 Million tonne capacity of steel production by 2030, increasing steel exports is very crucial and the company must contribute to this end by application engineering and market development. In India, new aveneues for steel use like crash barriers, railway sleepers, food grain silos, electric poles, underpass structures etc. must be explored without losing time. Setting up of coa l washeries, pellet plants are some other areas where MECON can play a leading role in steering the development .”

The Steel Minister added that the company must be in constant state of improvement and its physical and financial targets must be dynamic and in tune with the times. As a pioneering engineering consultancy firm of the country, MECON must think big to accomplish in short and long term. Diversification for topline improvement can be done but MECON must give due attention to its primary mandate of enabling growth of manufacturing, innovation and technology in India. MECON can play a big role in “Make in India” initiative in collaboration with capital goods and machinery manufacturers and steel producers, specia lly in the secondary sector. As the Key Project Consultant for NMDC’s Nagarnar Steel Plant, MECON must put in all efforts to commission the steel plant at the earliest. The company must develop and market new and latest technologies and market them in a professional manner.

The company must keep itself update with latest technologies and developments. The company must play a proactive role in solving technological challenges specific to the country and facilitate optimal use of raw materials and import substitution, Shri Birender Singh further added.

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[Hindustani78]

Ministry of Steel
13-October, 2017 15:32 IST
MOIL need to contribute Manganese for use in batteries of electric vehicles. and Tungsten for Defence Manufacturing, says Steel Minister Shri Birender Singh

MOIL must make significant contribution to Make in India by developing technology to meet Manganese requirement of batteries to be used in Electric Vehicles etc., said Steel Minister Shri Birender Singh while chairing mid-year review meeting of MOIL, a PSU under Ministry of Steel. The Minister asked the PSU to plan for building capacities in tungsten mining and production for strengthening manufacturing capabilities for defense production in India. The meeting was attended by Secretary, Steel Dr. Aruna Sharma, senior officials from Ministry of Steel and top management of MOIL.

Shri Singh further said, “MOIL should strategically plan for forward integration to leverage its leadership position of Manganese Ore production in India. The company can think of acquiring or taking majority stake in ferro-alloy production facilities, in addition to expansion efforts. There is huge potential for e-rickshaws, e-tempos and e-cars in India, which MOIL must be prepared for harnessing. In fact, the company should innovate to find new uses of Manganese Ore, apart from steel making, dry cell batteries and paints. R&D efforts should aim for development of new technologies rather than updating or buying technologies from others. The company need to work on utilizing every grade of ore gainfully including the lowest quality ore. Steel Ministry will support every R&D initiative aimed at self-sufficiency and indigenisation. Mineral exploration activities need to be speeded up for strengthening the resource base in India.Shri Birender Singh added that MOIL can also examine the feasibility of using alternate modes of ore transportation, which could be environment friendly and cost effective. For closure of mines, sand requirement can be met by innovative means like collaboration with local farmers. MOIL should aim to become the industry leader in innovation and technology development to such a level that other companies from abroad look upto MOIL for technology support.

In view of increase in requirement for manganese for steel production capacities upto 300 million tonnes and insufficient availability of the ore in India, MOIL must also explore the possibility of acquiring or taking stake in manganese ore assets abroad the Minister said.

YSK/MI
(Release ID :171683)

 

[xyxmt]

Imagine the whole world as one country, it will be largest in everything

 

[Hindustani78]

Imagine the whole world as one country, it will be largest in everything

Yes ofcourse why not , first withdraw your forces from the holy lands of the Indian and Arab Nations. Then we Indians and Arabs can think about space co operation and work out together with those nations who doesnt want to understand religious scriptures and the prophecies of the Avatars/Rasool/Nabi/Messagners of Supreme Creator.

Mary had a little Lamb, Isa Ibne Maryam will come with sword in hand.

 

[Hindustani78]

BHUBANESWAR, October 14, 2017 01:07 IST
Updated: October 14, 2017 01:07 IST
http://www.thehindu.com/news/nation...plant-explosion-in-odisha/article19857128.ece

Molten metal spilled on the victims
Thirteen labourers were injured, four of them critically, in an explosion at an induction furnace of KJS Alluwalia sponge iron plant near Joda in Odisha’s Keonjhar district on Friday.

As many as 17 labourers were around the furnace when the incident took place. The 13 injured people came in contact with the molten metal which spilled from the furnace and suffered burn injuries. They were taken to Tata Steel Hospital, Joda, from where the four critically injured patients were later shifted to SCB Medical College Hospital, Cuttack. Sources said they suffered over 50% burns and are in the intensive care unit.

“The explosion occurred in the induction furnace of the steel melting shop. Molten metal from the furnace fell on workers working nearby, causing burn injuries,” said Gopal Chandra Bisoyee, Deputy Director of Factories and Boilers, Odisha.

 

[Hindustani78]

Ministry of Steel
15-October, 2017 19:23 IST
Ministry of Steel to organize the 2nd Brainstorming Session with Key stakeholders of steel industry

Steel sector in India has emerged as a vivid example of sector turnaround in a short span of three years. The industry efforts were supported in equal measure by the Government of India, to provide a level playing field and enabling growth environment.

The Steel Minister, Shri Birender Singh has galvanized the steel industry with his call for ‘Make in Steel for Make in India’. All the major stakeholders in the steel industry are keen to contribute to nation-building. To channelize this energy, the Steel Minister with senior officials from Ministry of Steel has been meeting with key stakeholders of the steel industry in formal and informal settings. Continuing in this spirit, 2nd in the series of brainstorming sessions with industry stakeholders including PSUs under Ministry of Steel is being organized in Chandigarh on 16th October, 2017.

Steel companies, both PSUs and private sector, have been playing an important role in the development of core sectors of the economy. At the same time, due to rapid technological changes, changing economic scenario and increased competition, they are facing many challenges. Acknowledging the challenges and recognizing the need for rapid socio economic transformation of the country in keeping with the vision of ‘New India-2022’, there is need to re-align their working style and priorities through various initiatives and policy changes.

A similar day long brainstorming session was earlier organized in Surajkund and the next session is being organized at Chandigarh within a span of 2 months.

A multi-pronged agenda has been set for the brainstorming session in Chandigarh for generating some out of box ideas to revive and improve the performance of these companies on different aspects and develop the future strategy to enable their sustainable turnaround.

It is noteworthy that other forum’s like Steel Consumer Council, Regional Conferences for enhancing steel consumption in India, National Conference of Secondary Steel producers, customer-dealer meets are few other avenues which are being utilized by Ministry of Steel, for increasing awareness about steel usage in the country.

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[Hindustani78]

Ministry of Steel
16-October, 2017 16:14 IST
Steel PSUs must finalize and implement all SPVs and Joint Ventures in a time-bound manner, says Steel Minister Shri Birender Singh

All Steel Plants must aim for achieving international benchmarks of performance and quality

Ministry of Steel to adjudge ‘Plant of Excellence’ from amongst the PSU Steel Plants

The Brainstorming Session with key stakeholders in the Steel industry, chaired by Steel Minister Shri Birender Singh, Union Steel Minister in Chandigarh today witnessed free flow of ideas and exchange of views.

Birender Singh directed the CMDs of PSUs under Ministry of Steel to finalize and implement all SPVs and joint ventures in a time-bound manner. The ramping up of modernized units also, has to be completed with all seriousness and commitment within stipulated timelines, he added. The Minister remarked that there are pockets of excellence in each Plant & Unit, which need to be replicated and the whole Steel Plant should become a hallmark of excellence. That is possible only when the Plant aims to achieve international benchmarks of excellence in production and quality. To encourage a healthy competition amongst the PSU Steel Plants, Ministry will assess and declare a ‘Plant of Excellence’ based on overall performance vis-à-vis international standards, he added. The Minister stated that he would himself review the performance at Plant and Unit level, and production performance will be closely monitored by the Ministry. Responsibility for time and cost overruns will be fixed as a norm from now on, he emphasized. Any genuine difficulties and constraints could be highlighted in such review meetings so that quick remedial action could be taken. Shri Birender Singh underscored the critical significance of synergy and teamwork at Board level in each company. Lack of coordination, one-upmanship, groupism, egocentricity, micro-vision at Board level not only impact the company adversely in short term but also lead to long term harmful consequences, he added. Accountability and responsibility has to begin from the top, and mechanism for rewarding good performance and disincentives for poor performance should be applicable at all levels, he stated.

The meeting was attended by the Minister of State for Steel, Shri Vishnu Deo Sai, Secretary Steel, Dr. Aruna Sharma, senior officials from the Ministry, CMDs and other officials from the PSUs under Ministry of Steel.

 

[Hindustani78]

Ministry of Steel
24-October, 2017 16:05 IST
Expressway built with SAIL steel lands Air Force’s super hercules transport aircraft

Steel Authority of India (SAIL) supplied 33500 metric tonnes of steel for the construction of the Agra - Lucknow expressway which facilitated the touch-and-go landing of planes of the Indian Air Force, today. SAIL had primarily supplied long products consisting of earthquake resistant TMT bars for this project. SAIL’s branded earthquake resistant EQR TMT Bars have superior qualities and come in various customized specifications.

IAF conducted the touch and go landings on a stretch of the expressway today, starting with a 35,000-kg C-130J Super Hercules aircraft. This is the first time that the C-130J transport aircraft joined the Indian Air Force's special drill to land planes on the expressway. The IAF had earlier landed its Mirage 2000 and Sukhoi-30MKI fighter jets on the Yamuna Expressway and the Lucknow-Agra Expressway. Keeping with the spirit of SAIL’s tagline, ‘There’s a little bit of SAIL in everybody’s life’, the Company is increasingly focusing to produce world-class steel products befitting the requirements of every segment and market including the specific needs of rural and urban areas to meeting the necessities of niche segments like defence sector too. SAIL steel has been integral in projects of national importance spanning from Sardar Sarovar Dam, Dhola-Sadiya bridge, Chenani-Nashri tunnel to various metro projects, power plants and upcoming Statue of Unity at Gujarat. ***


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Ministry of Steel
24-October, 2017 15:15 IST
SAIL must ramp up production from New Rail Mill in Bhilai and meet all the requirements of its major customers, says Shri Birender Singh

SAIL must take its Joint Ventures at international level to logical conclusion at the earliest, says Steel Minister

The Union Steel Minister Shri Birender Singh chaired a mid-year review meeting with top management of SAIL at Udyog Bhawan yesterday. The meeting was attended by the Minister of State for Steel, Shri Vishnu Deo Sai, the Secretary Steel Dr. Aruna Sharma, senior officials from Ministry and SAIL including CEOs of SAIL Steel Plants.

While expressing displeasure over tardy progress in critical areas of strategic importance, Shri Birender Singh said, “SAIL must ramp up production from New Rail Mill in Bhilai without wasting any more time, and meet all the requirements of its major customers. Company shouldchalk-out a time bound action plan to cater to the Indian Railways’ increasing demand. SAIL must take its joint ventures at international level to logical conclusion at the earliest. Company must leverage its position in the industry, instead of not being able to fulfill its commitments and agreements.” The Minister directed to the company management to submit quarterly plans and targets, which will be reviewed after every three months. Steel Minister will also be meeting CEOs and EDs of Steel plants next month, to get direct feedback about constraints, bottlenecks and issues of concern.

The CEOs have to understand their direct accountability and responsbility for performance of the Unit under their charge, the Minister added. Shri Singh emphasised that accidents in the Plants must be curtailed and highest safety standards must be adhered to in all Units. Safety should be a prime focus of all the plant heads and stress should be given on repair and regular maintenance to avoid unforeseen breakdowns, downtime and resulting loss of production. SAIL should focus on ensuring raw material security to avoid the vagaries of coal supplies currently afflicting the company, he added.

Shri Birendra Singh said that SAIL should explore possibilities for developing new markets by adopting new technology and adding value added products to its basket, like non corrosive steel products for construction in coastal areas. SAIL should also focus on product differentiation to create value for the shareholders, thereby creating an exclusive space for the company. Efficiency improvement and product quality improvement at individual plant level should be focused upon to meet the customer requirements and to improve the financial performance of the company.

In the meeting, SAIL’s overall performance as well as that of individual Integrated Steel Plants (ISPs) on critical techno-commercial parameters were reviewed. The Chairman, SAIL Shri P. K. Singh made a presentation on action taken on the recommendations by Group of Experts appointed by Ministry of Steel.

YSK/MI
(Release ID :171883)

 

[Hindustani78]

Steel rolls at Tata Steel plant at Jamshedpur in Jharkhand. in this file photo. | Photo Credit: Arunangsu Roy Chowdhury

http://www.thehindu.com/business/In...lant-revamp/article19951183.ece?homepage=true

Firms total steel deliveries rise 15%

Tata Steel Ltd. posted a September-quarter profit, boosted by strong volume growth following the ramp-up of its Kalinganagar plant in India.

Consolidated quarterly total steel deliveries were up 15% to 6.45 million tonnes, with Indian deliveries contributing about 48% of the total.

Net profit was ₹1,018 core in the quarter ending September 30, missing analysts’ estimates of a profit of ₹1,678 core. The steelmaker had posted a loss of ₹493.8 million for the same period a year earlier.

Deliveries from India operations grew 17% year-on-year to 3.08 million tonnes in the quarter. Shares of Tata Steel closed 1.18% lower ahead of the results in a Mumbai market that gained 0.39%.