Republic of India becomes second largest steel producer

[Hindustani78]

Ministry of Shipping
01-November, 2017 18:20 IST
Shri Nitin Gadkari digitally flags off a consignment of steel cargo from Vizag Port through coastal shipping route

Says new era in transport will encourage industrial growth in the country

The share of water based transport in modal mix to double by 2025 under Sagarmala

The Minister of Shipping, Road Transport & Highways, Water Resources, River Development & Ganga Rejuvenation Shri Nitin Gadkari digitally flagged off a consignment of 230,000 tonnes of steel cargo from Vizag port to Ahmedabad, Mumbai and Kochi through coastal shipping route today. Speaking on the occasion the Minister informed that Rastriya Ispat Nigam Ltd (RINL) was, till now, transporting its products to 22 stockyards through road and rail mode. Coastal transportation of these products will now help save 380 million tonne km of rail transportation per annum and bring down logistics costs, he said. This is especially significant since RINL has doubled its production capacity to 6.3 million tonnes per annum, and to cater to the increased volumes it is important to economize on transportation costs to be globally competitive. The Minister further urged all other manufactures to make use of coastal shipping for transporting goods as this can be a key enabler for reduction of logistics cost for domestic and EXIM trade of India.

Coastal movement has been on RINL’s radar for a long time because of its proximity to the ports and to ease the pressure from the over optimized road and rail systems. RINL recently finalised a one year Multi Modal Transportation contract covering end to end logistics from plant at Visakhapatnam to its stockyards at Ahmedabad, Mumbai and Kochi. The Rs.75 crores annual contract has been awarded to the consortium led by M/s Shreyas Shipping & Logistics Ltd, Mumbai, a member of Transworld Group, Dubai. The contract involves taking delivery of material from plant, shifting by road to VPT or GPL, shipping the material by sea to a port near the stockyard and finally delivering the material to RINL Stockyard. The quantities expected to be transported are 90000 T, 75000 T and 60000 T to Ahmedabad, Mumbai and Kochi stockyards respectively.


Movement of cargo through coastal shipping has inherent advantages over land modes of transport such as road and rail as it is more cost effective, causes much less pollution, reduces congestion on land and can cater to huge parcel sizes . In view of this, Government of India has initiated several measures for promoting coastal movement. The Sagarmala project is one of the strategic and customer-oriented initiatives to modernize India's ports to augment coastal movement so that ports become drivers of economic growth. Globally countries such as China and Netherlands have achieved a modal share of 24% for coastal shipping and inland water navigation. Increasing the share of coastal shipping and inland navigation in the transport modal mix is one of the key objectives of the Sagarmala Project. Sagarmala programme envisages to double current share of coastal shipping in India’s overall modal mix from 6% to 12% by 2025.

The Government has taken several steps to promote coastal shipping. Vishakhapatnam Port Trust has totally removed CHD levy on steel cargo from earlier 265% to boost shipment of steel cargo. 40% concession on vessel related and cargo related charges are applicable for such coastal movement. For coastal movement through RoRo vessels, 80% concession on vessel related and cargo related charges are applicable in Indian Ports. As a result of the efforts by the government, container tonnage has increased from 351276 DWT in 2015 to 654883 DWT as on 31st October 2017, a positive increase of 86%. 14 Indian flag container fleet with DWT of 31,846 have been added after the tax on bunker fuel for Indian flag container vessels was abolished in 2015. 21 projects worth Rs. 729.6 Cr have been provided financial assistance of Rs. 205 Cr under the Coastal Berth scheme in Sagarmala to promote the development of dedicated infrastructure for coastal shipping of goods and passengers across India’s Major and Non-Major ports.

Shri Gadkari said that this new era of transport will give a boost to the economy, encourage industrial growth, create more employment and raise the GDP of the country.

Chaudhary Birendra Singh, Union Minister of Steel was also present at Vizag Port. He lauded the efforts of the Shipping Ministry in ensuring that ports and waterways ably support the transport requirements of the steel industry. He said that the growth of ports would help the steel industry immensely.

 

[Hulk]

Actually beside China , all other countries shares are very similar, no big difference indeed.

So since China is ahead of everyone else, others should stop celebrating ?

 

[Hindustani78]

So since China is ahead of everyone else, others should stop celebrating ?

Actually Chinese are even exporting from Burma steel mines and even from North Korean Mines which are under UN Sanctions. Chinese are stopping exports to EU and on that after Invasion of Ukraine, even United States of America is placing sanctions on steel exports to EU.

Republic of India is not having FTA with EU and our relations with EU Nations are not so good as the trade deficit between Republic of India and EU nations is there. Paper Currency business is not going to work in Republic of India. EU citizens are not allowed to bring in paper currency and buy products worth millions from Indian Companies, all the Indian companies are under scanner of Indian Intelligencies for exports in EU nations.

*******

The Union Minister for Road Transport & Highways, Shipping and Water Resources, River Development & Ganga Rejuvenation, Shri Nitin Gadkari digitally flagging off a consignment of steel by coastal shipping from Vizag Port, in New Delhi on November 01, 2017.

The Union Minister for Road Transport & Highways, Shipping and Water Resources, River Development & Ganga Rejuvenation, Shri Nitin Gadkari addressing the media, during the digitally flagging off a consignment of steel by coastal shipping from Vizag Port, in New Delhi on November 01, 2017.

 

[Hindustani78]

http://www.thehindu.com/news/nation...stics-cost-steel-minister/article19963373.ece
VISAKHAPATNAM, November 01, 2017 23:14 IST
Updated: November 01, 2017 23:14 IST

Union Steel Minister Chaudhary Birender Singh after flagging off RINL’s first consignment of coastal shipping at the Visakhapatnam Port on Wednesday. | Photo Credit: arranged


Birender Singh flags off RINL’s maiden consignment
Union Steel Minister Chaudhary Birender Singh on Wednesday said coastal shipping being encouraged under the Sagarmala project would help reduce logistics cost incurred by steel and other major industries drastically.

He was speaking after flagging off the first consignment of 10,000 tonne of products of Rashtriya Ispat Nigam Limited (RINL) from the Visakhapatnam Port by coastal shipping.

Union Shipping Minister Nitin Gadkari participated in the ceremony via a video link.

RINL has entered into a ₹75-crore agreement to transport its products by coastal shipping for a year to its stockyards in Mumbai, Kochi, and Ahmedabad as a pilot project through Shreya Shipping and Logistics and Srivalli Shipping and Transport.

The maiden consignment was sent by the general cargo vessel, SSL Sabarimalai.

Terming the shipment of RINL products by coastal shipping as a momentous occasion, Mr. Singh said the steel industry could play a key role in automobile and shipbuilding sector. Ferrying their products by sea and inland water transport would be eco-friendly, fuel-efficient and cost-effective.

Stating that India had emerged as a key player in the global economy, he asked the steel industry to lay emphasis on exports to contribute more to the growth of the GDP and increase foreign exchange earnings.

He said India should emulate the success story of China and the Europe in making use of coastal shipping for slashing significantly the logistics cost.

He said, at present, the logistics cost in India was amongst the highest in the world, but the Sagarmala programme had the potential to unlock the full potential of India’s coastline and waterways and make the logistics sector competitive with the world standards.

Coastal shipping was cheaper than road or rail by 60-80% and would reduce the burden on rail and road transport. He observed that an overall cost saving of around ₹40,000 crore per annum was estimated from this project by 2025.

New era: Gadkari

Mr. Gadkari, in his address, said a new era had begun with RINL taking the lead in transporting its products by coastal shipping. He said while spending 18% of production cost on logistics it was only 8-10% in China and 12- 13% in the Europe. Coastal shipping would help save ₹200 to ₹300 per tonne of steel, he stated.

HRD Minister Ganta Srinivasa Rao, MPs K. Haribabu and M. Srinivasa Rao, RINL CMD P. Madhusudan, VPT Chairman M.T. Krishna Babu, and Additional Secretary of Steel Saraswathi Prasad were present.

 

[Hulk]

Actually Chinese are even exporting from Burma steel mines and even from North Korean Mines which are under UN Sanctions. Chinese are stopping exports to EU and on that after Invasion of Ukraine, even United States of America is placing sanctions on steel exports to EU.

Republic of India is not having FTA with EU and our relations with EU Nations are not so good as the trade deficit between Republic of India and EU nations is there. Paper Currency business is not going to work in Republic of India. EU citizens are not allowed to bring in paper currency and buy products worth millions from Indian Companies, all the Indian companies are under scanner of Indian Intelligencies for exports in EU nations.

*******

The Union Minister for Road Transport & Highways, Shipping and Water Resources, River Development & Ganga Rejuvenation, Shri Nitin Gadkari digitally flagging off a consignment of steel by coastal shipping from Vizag Port, in New Delhi on November 01, 2017.

The Union Minister for Road Transport & Highways, Shipping and Water Resources, River Development & Ganga Rejuvenation, Shri Nitin Gadkari addressing the media, during the digitally flagging off a consignment of steel by coastal shipping from Vizag Port, in New Delhi on November 01, 2017.

I am confused, did I accidentally get a response from AAP supporter? Could not follow what you wanted to say.

 

[Hindustani78]

I am confused, did I accidentally get a response from AAP supporter? Could not follow what you wanted to say.

You will get answer directly from Indian Intelligence Agencies and you follow Indian Intelligence agencies or not its not we are talking here but arent you getting the point even now. Dont Mess with Indian Citizens aboard , we are gonna kick all the citizens of other nations in Republic of India.

By the how many EU Citizens are there in Republic of India and on which Visa's ? How many have acquired Indian Citizenship since 1996 after Republic of India has changed its foreign policy and let immigration from EU nations ? Have the number of terrorist attacks increased or decreased within Republic of India? Bollywood companies are under Intelligence Agencies radar after the 26/11 Terrorist attacks.

 

[Hulk]

You will get answer directly from Indian Intelligence Agencies and you follow Indian Intelligence agencies or not its not we are talking here but arent you getting the point even now. Dont Mess with Indian Citizens aboard , we are gonna kick all the citizens of other nations in Republic of India.

By the how many EU Citizens are there in Republic of India and on which Visa's ? How many have acquired Indian Citizenship since 1996 after Republic of India has changed its foreign policy and let immigration from EU nations ? Have the number of terrorist attacks increased or decreased within Republic of India? Bollywood companies are under Intelligence Agencies radar after the 26/11 Terrorist attacks.

Dude you seems to have some mental issues, please check with doctor.

 

[Hindustani78]

Dude you seems to have some mental issues, please check with doctor.

Systems are not working anymore . Dajjal system we believers will always melt down. We dont want Isa Ibne Maryam A.s to come which will let to the destruction of Planet Earth. End occupation of Indian and Arab nation holy lands.

 

[Hindustani78]

Ministry of Steel
08-November, 2017 12:23 IST

Value addition in entire system can be a game changer for SAIL: Chairman SAIL

Focusing predominantly on value added products, Steel Authority of India Ltd. (SAIL) is looking forward to offer an array of differentiated and quality products in market while focusing on value along with volume. During interaction with employees at SAIL’s Durgapur Steel Plant (DSP) on Tuesday, Chairman, SAIL, Shri PK Singh said, in the prevailing stiff market competition, value addition to our products and processes along with tailoring the product quality and attributes in line with market demands rather producing only volume can be a game changer for us. He added that the state-of-the-art 1 MTPA (million tonne per annum) capacity Medium Structural Mill (MSM) installed at DSP is capable of producing world-class structural steel products which have a high demand for various on-going and upcoming infra and construction projects in India. Shri Singh also added that with Railways switchover to LHB coaches in a phased manner in next few years, wheels for new LHB railway coaches are in advanced stages of validation at DSP and the metallurgical testing of the wheels has already been completed.

At DSP, MSM is producing Parallel Flange Beams, Joists, Channels and Angles, which are primarily used by infrastructure and construction segments and considering the pick-up in infrastructure projects, metro connectivity, accelerated construction activities, Shri Singh said “These products are all expected to translate into increased demand for such value added Structurals. The Company is also tapping world market for exporting its products where there is a demand for these.’’ DSP is a plant designed to produce 7.5 lakh tonnes of Semis, where SAIL-DSP in association with R&D and Centre for Engineering & Technology (CET) will tap the huge market for special grade semis by targeting to produce 90% semis as special steel grades and tie up for value added products of special steel. The semis would also explore possibilities in transmission line towers (TLT) and forging areas, he said.

Emphasizing the importance of Research & Development and improving Project Designing, he said that, RDCIS and Centre for Engineering & Technology would contribute more in developing value-added products for the Plant.



******

 

[Hindustani78]

The Minister of State for Mines and Coal, Shri Haribhai Parthibhai Chaudhary releasing a coffee table book on Hindustan Copper Limited in course of the PSU’s, at the golden jubilee celebrations of Hindustan Copper Limited (HCL), at Kolkata on November 09, 2017. The Secretary (Mines), Shri Arun Kumar and other dignitaries are also seen.

The Minister of State for Mines and Coal, Shri Haribhai Parthibhai Chaudhary at the golden jubilee celebrations of Hindustan Copper Limited (HCL), at Kolkata on November 09, 2017. The Secretary (Mines), Shri Arun Kumar and other dignitaries are also seen.

 

[Hindustani78]

Ministry of Steel
15-November, 2017 16:44 IST
Union Steel Minister inaugurates Steel Pavilion at IITF 2017

The Union Minister of Steel Shri Chaudhary Birender Singh inaugurated Ministry of Steel’s Pavilion at India International Trade Fair (IITF) 2017 here today at Pragati Maidan. The pavilion, where all public sector and major private sector steel companies are jointly participating, is designed on IITF 2017’s theme of Start-Up India: Stand-Up India.

On the occasion, Shri Chaudhary Birender Singh announced and inaugurated a new initiative of Ministry of Steel – the #myLOVESTEELidea challenge. This contest is aimed at encouraging Start-Up India, Stand-Up India by inviting fresh business ideas based on steel, and offering one-time financial support to help translate the idea into reality. A total of Rs 10 Lakh will be split into Rs 5 lakh, Rs 3 lakh and Rs 2 lakh for the top best three ideas on steel-related innovation, deployment or commercialization of new product, processes or services or intellectual property. Start-up India: Stand-Up India is one of the core economic development initiatives of the government, and also the theme of IITF 2017, which aims at promoting entrepreneurship and business in various sectors.

In his address at the event, Shri Birender Singh said that the country is moving towards 300 MTPA steel production capacity, adopting better technologies and increased leveraging of scrap-based steelmaking to drive this growth. The industry is also targeting zero waste to be more and more environment-friendly, he added. The Minister also said that Steel is one of the most versatile and durable alloys with various properties befitting varied usages in numerous sectors of the economy and such exhibitions should be used to display the importance of steel and how it caters to several sectors and industries. He further added, that Steel industry has a huge potential to generate opportunities for start-ups, and as production capacity increases, newer avenues will emerge.

Secretary, Steel Dr. Aruna Sharma, Chairman, SAIL Shri P.K. Singh, Chairman, RINL Shri P. Madhusudan, Chairman, MECON Shri Atul Bhatt, Chairman, KIOCL Shri MV Subba Rao and other senior officers of the Ministry were also present .

******

 

[Hindustani78]

Vice President's Secretariat
08-December, 2017 18:22 IST
Companies like NMDC must give a thrust to ‘Make in India’ initiative: Vice President

Addresses Diamond Jubilee Celebrations of NMDC

The Vice President of India, Shri M. Venkaiah Naidu has said that companies like NMDC must look beyond the conventional templates, take up skilling programmes for youth in a big way and give a thrust to ‘Make in India’ initiative. He was addressing the gathering at the Diamond Jubilee Celebrations of NMDC Ltd., in Hyderabad today. The Chief Minister of Chhattisgarh, Dr. Raman Singh, the Union Minister for Steel, Shri Chaudhary Birender Singh, the Deputy Chief Minister of Telangana, Shri Mohammad Mahmood Ali, the Minister of State for Steel, Shri Vishnu Deo Sai, the Minister of State for Science & Technology and Earth Sciences, Shri Y.S. Chowdary, the Minister for Mines & Geology, Telangana, Shri K.T. Rama Rao and other dignitaries were present on the occasion.


The Vice President said that the Public Sector Enterprises have contributed immensely to the country’s economic growth. He further said that they have played a pioneering role in building the infrastructure - be it telecom, transportation, power, irrigation or road network. Coal, oil and natural gas are the other key areas where the public sector companies have made immense contribution to the national economy, he added.


The Vice President said that India is the only country with about 65 per cent of the population aged below 35 years. This is a big demographic boon and the energies of the young, educated population have to be fully harnessed to transform India into the one of the leading economic powers in the world in the coming years, he added.


The Vice President said that congratulated NMDC on posting a Profit (before tax) of Rs.4,293 crores in FY’17 and emerging as one of the top profit-making ‘Navratna’ public sector companies in the country. He expressed his happiness that NMDC has set up a dedicated exploration wing at Raipur, which will facilitate discovery of additional mineral wealth and lead to growth of the mining sector in the country.


The Vice President said that NMDC has also spread its footprint globally, with acquisition of leases of gold deposits in Tanzania, a majority stake in an iron ore deposit in Australia and a coking coal deposit in Mozambique in partnership with two other public sector enterprises under the Ministry of Steel. It is heartening to note that NMDC is geared up to meet the expected increase in demand by enhancing production capabilities of existing mines and opening up new mines, he added.


Following is the text of Vice President’s address:


“It gives me great pleasure to inaugurate NMDC’s Diamond Jubilee celebrations. Reaching the milestone of 60th year of journey is a memorable and special occasion– be it a person’s life or an organization – and when the entity is doing so well at this stage, creating immense value and spreading prosperity, it indeed calls for celebrations.


Before embarking upon NMDC’s remarkable journey, I would like to briefly highlight the important role played by Public Sector Enterprises (PSEs) in the country’s development narrative.


The Public Sector Enterprises (PSEs) have contributed immensely to the country’s economic growth. Over the years, the PSEs have helped the country in building a sustained industrial base and technological competencies in a number of areas.


The PSEs have played a pioneering role in building the infrastructure—be it telecom, transportation, power, irrigation or road network. Coal, oil and natural gas are the other key areas where the public sector companies have made immense contribution to the national economy.


Achieving self-sufficiency, reducing imports to save precious foreign exchange, promoting exports, removing regional disparities to ensure balanced development, preventing monopolies in private sector and providing employment were among the main objectives in establishing scores of PSEs across the country. To a large extent, many PSEs worked towards fulfilling these objectives and provided employments to lakhs of people. Of course, there were also public-owned companies which failed to deliver the goods and that is a different story altogether.


Friends, India is the only country with about 65 per cent of the population aged below 35 years. This is a big demographic boon and the energies of the young, educated population have to be fully harnessed to transform India into the one of the leading economic powers in the world in the coming years. For this to happen, companies like NMDC must look beyond the conventional templates, take up skilling programmes for youth in a big way and give a thrust to ‘Make in India’ initiative.


As you all are aware, the story of NMDC set up on 15th November, 1958 is woven around the dreamy hills and the deep jungle land of Bastar in Chhattisgarh, known as Dandakaranya from the epic periods. The entire area was brought to the mainstream of civilization by the spectacular effort of NMDC by opening-up of mines in the year 1967. Today, Bailadila is a name to reckon with in the world iron ore market.


NMDC’s journey has indeed been commendable. I glad to know that nearly a fifth of the total employees in NMDC are tribals, mostly from the local areas. Further skilling of youth will enhance the human capital of our country.


The saga of NMDC includes the pioneering exploration activity carried out for developing iron ore mines in Karnataka and in various regions like Kudremukh, Donimalai, Bababudan, Kumaraswamy and Ramandurg.


I am happy to note that NMDC is currently the largest iron ore mining company in India with three highly mechanized iron ore complexes located in Chattisgarh and Karnataka. It is also gratifying to note that NMDC’s Diamond Mining Project, Panna (M.P.), is the only mechanized diamond mine in Asia.


I congratulate NMDC on posting a Profit (before tax) of Rs.4,293 crores in FY’17 and emerging as one of the top profit-making ‘Navratna’ public sector companies in the country.


I am glad that NMDC has set up a dedicated exploration wing at Raipur, which will facilitate discovery of additional mineral wealth and lead to growth of the mining sector in the country.


R & D efforts of any company give an indication of its growth and sustainability. NMDC’s state-of-the-art R&D centre at Hyderabad, declared as a "Centre of Excellence" by UNIDO can spur further growth in the sector.


I am told that NMDC has also spread its footprint globally, with acquisition of leases of gold deposits in Tanzania, a majority stake in an iron ore deposit in Australia and a coking coal deposit in Mozambique in partnership with two other public sector enterprises under the Ministry of Steel.


I am very happy to know that NMDC is striving to invest in strategic and critical raw materials which are required by our nation for long term supply security. In line with this strategy, NMDC has already entered into MoUs with MIDHANI & DMRL to explore opportunities for investment in Tungsten mineral assets in India and abroad. Such initiatives will give impetus to ‘Make in India’ campaign.


Friends, as you are all are aware, India is a mineral rich country and produces 95 minerals. The mining industry in India typically contributes around 2.2-2.5 per cent of India’s overall GDP. This, I feel, is far below the potential of India’s rich mineral resources, which have to be explored and fully tapped. For a country like India, the growth of core sector like mining is highly significant because of its multiplier effect on the economy - leading to higher industrial production, creating large number of jobs and above all, leading to development of infrastructure.


I am told that India is in the second position as regards Chromite and Barytes, while South Africa and China respectively possess the highest deposits of the two minerals. India is in the third position as regards coal and bauxite and ranked fourth globally as far as iron ore is concerned.


The country today is on a high growth path and needs more steel raw materials to build its infrastructure and strengthen its manufacturing base.


I am told that NMDC is in the process of implementing its strategic management plan to achieve 67 million tons per annum (MTPA) production capacity by 2021-22 and is also well poised to reach 100 MTPA production capacity by 2030 and thereby play a vital role in achieving the targets set out in our National Steel Policy 2030-31.


It is heartening to note that NMDC is geared up to meet the expected increase in demand by enhancing production capabilities of existing mines and opening up new mines.


I am told that NMDC is also setting up slurry pipelines which are green way of evacuation of iron ore. This pioneering initiative of NMDC is commendable.


I am also happy to know that as a part of its diversification and forward integration plan, NMDC is setting up a 3.0 MTPA green field Steel Plant at Nagarnar in Chhattisgarh, which is in advanced stage of construction. This steel plant will bring about much-needed development of the entire region.


NMDC has also forayed in pellet-making which is also an environment friendly initiative.


I would like to compliment NMDC for its CSR initiatives in the areas of medicare, education, skill training, infrastructure and drinking water supply. I am particularly happy that these programmes are being carried out in remote and backward areas, which face serious law and order problems due to left-wing extremism. It is laudable that NMDC has spent Rs.798 crore in the last five years on a series of CSR initiatives and has been among the top 10 companies in India in actual CSR spend in the last few years. The initiatives include creation of Education Hub in Dantewada, extending 18,000 scholarships to children from weaker sections, providing free treatment to tribes and deploying mobile medical services in remote villages.


Corporate bodies like NMDC are setting high benchmark for other organizations to emulate. On this momentous occasion, my heartiest congratulations to all those who have been part of this 60 years journey of NMDC and I wish the best for many more such years to come in the times ahead.


I am delighted that NMDC has been especially attentive to environmental concerns. I am told that NMDC mines have been granted 5-star ratings by the Indian Bureau of Mines, Government of India on account of sustainable practices. I am glad to know that NMDC is undertaking pollution control measures and working towards ‘Zero-Waste Mining’ by maximizing utilization of various grades of iron ore.


I would urge NMDC to continue on its growth trajectory and maximize national wealth by keeping the interests of people and planet in view.


Jai Hind!”

******

The Vice President, Shri M. Venkaiah Naidu inaugurating the Steel Exhibition, on the occasion of Diamond Jubilee Celebrations of NMDC Ltd., in Hyderabad on December 08, 2017. The Union Minister for Steel, Shri Chaudhary Birender Singh, the Chief Minister of Chhattisgarh, Dr. Raman Singh and the Minister of State for Steel, Shri Vishnu Deo Sai are also seen.

The Vice President, Shri M. Venkaiah Naidu going around the Steel Exhibition, on the occasion of Diamond Jubilee Celebrations of NMDC Ltd., in Hyderabad on December 08, 2017. The Chief Minister of Chhattisgarh, Dr. Raman Singh and other dignitaries are also seen.

The Vice President, Shri M. Venkaiah Naidu going around the Steel Exhibition, on the occasion of Diamond Jubilee Celebrations of NMDC Ltd., in Hyderabad on December 08, 2017. The Minister of State for Steel, Shri Vishnu Deo Sai and other dignitaries are also seen.

The Vice President, Shri M. Venkaiah Naidu at the Diamond Jubilee Celebrations of NMDC Ltd., in Hyderabad on December 08, 2017. The Union Minister for Steel, Shri Chaudhary Birender Singh, the Chief Minister of Chhattisgarh, Dr. Raman Singh, the Deputy Chief Minister of Telangana, Shri Mohammad Mahmood Ali, the Minister of State for Steel, Shri Vishnu Deo Sai, the Minister of State for Science & Technology and Earth Sciences, Shri Y.S. Chowdary and the Minister for Mines & Geology, Telangana, Shri K.T. Rama Rao are also seen.

The Vice President, Shri M. Venkaiah Naidu lighting the lamp at the Diamond Jubilee Celebrations of NMDC Ltd., in Hyderabad on December 08, 2017. The Union Minister for Steel, Shri Chaudhary Birender Singh, Chief Minister of Chhattisgarh, Dr. Raman Singh, the Minister of State for Science & Technology and Earth Sciences, Shri Y.S. Chowdary, the Minister for Mines & Geology, Telangana, Shri K.T. Rama Rao are also seen.

The Vice President, Shri M. Venkaiah Naidu releasing the Postal Cover on the occasion of the Diamond Jubilee Celebrations of NMDC Ltd., in Hyderabad on December 08, 2017. The Union Minister for Steel, Shri Chaudhary Birender Singh, the Chief Minister of Chhattisgarh, Dr. Raman Singh, the Deputy Chief Minister of Telangana, Shri Mohammad Mahmood Ali, the Minister of State for Steel, Shri Vishnu Deo Sai, the Minister of State for Science& Technology and Earth Sciences, Shri Y.S. Chowdary are also seen.

The Vice President, Shri M. Venkaiah Naidu presenting the Prime Minister’s Trophy for the Best Integrated Steel Plant to Jamshedpur Tata Steel, at the Diamond Jubilee Celebrations of NMDC Ltd., in Hyderabad on December 08, 2017. The Union Minister for Steel, Shri Chaudhary Birender Singh, the Chief Minister of Chhattisgarh, Dr. Raman Singh, the Deputy Chief Minister of Telangana, Shri Mohammad Mahmood Ali, the Minister of State for Steel, Shri Vishnu Deo Sai, the Minister of State for Science & Technology and Earth Sciences, Shri Y.S. Chowdary, the Minister for Mines & Geology, Telangana, Shri K.T. Rama Rao are also seen.

The Vice President, Shri M. Venkaiah Naidu addressing the gathering at the Diamond Jubilee Celebrations of NMDC Ltd., in Hyderabad on December 08, 2017.

The Vice President, Shri M. Venkaiah Naidu addressing the gathering at the Diamond Jubilee Celebrations of NMDC Ltd., in Hyderabad on December 08, 2017. The Union Minister for Steel, Shri Chaudhary Birender Singh, the Chief Minister of Chhattisgarh, Dr. Raman Singh, the Minister of State for Science & Technology and Earth Sciences, Shri Y.S. Chowdary, the Minister for Mines & Geology, Telangana, Shri K.T. Rama Rao are also seen.

 

[Hindustani78]

Chhattisgarh C M Raman Singh, Union Minister of Steel Chaudhary Birender Singh and Vice-President M. Venkaiah Naidu at diamond jubilee year celebrations of NMDC in Hyderabad on Friday.

http://www.thehindu.com/news/nation...nt-to-come-up-at-paloncha/article21343126.ece

Diamond jubilee of National Mineral Development Corporation Ltd., celebrated

Union Steel Minister Chaudhary Birender Singh on Friday said the Ministry would establish a 1.5 million tonne scrap-based steel plant with an electric arc furnace at Paloncha, in the erstwhile Khammam district of Telangana. It is also in favour of taking the proposed joint venture of SAIL and ArcelorMittal for manufacturing high-end steel to Andhra Pradesh.

For the facility at Paloncha, a joint venture with the State government or a PPP mode are being considered. It will come on 450 acres belonging to the defunct 0.60 MT plant of Sponge Iron India there and NMDC has been advised to conduct a detailed study. The Minister said while hinting that the facility could be in addition to the integrated steel plant, at Bayyaram, committed under the Andhra Pradesh Reorganisation Act.

An integrated steel plant had also been proposed under the same Act in Andhra Pradesh, at Kadapa. The Ministry, he said, wanted the proposed JV of SAIL-Arcelor-Mittal, to make high-end steel used in automobile industry, to be shifted to Andhra Pradesh. Gujarat was the other State in race, but since east coast was considered a better choice it has been proposed to encourage the setting up of the plant, estimated to cost ₹15,000 crore, in Andhra Pradesh.

Welcoming the Ministry’s decision on the scrap-based steel plant, Telangana Minister K.T.Rama Rao reiterated the State government's demand for an integrated steel plant at Bayyaram.

He said the State government was ready to finance the mandatory one-third cost of around 155-km rail link, for transporting iron ore, from Bailadila in Chhattisgarh to Bayyaram. The cost of the railway line is estimated at ₹2,100 crore and would improve the project feasibility. The iron ore from the neighbouring State has a high 65% fe content as opposed to 45% fe content in those found in the nearby area.

Mr. Birender Singh and Mr.Rao were addressing the media. Earlier in the day, they participated in the diamond jubilee year celebrations of NMDC Ltd, in which Vice President M. Venkaiah Naidu urged the Ministry to explore options with regard to the integrated steel plants promised to the two Telugu-speaking States.

Recalling that a task force had been constituted, after two previous feasibility reports said the integrated steel projects were not feasible, the Union Minister said MECON Ltd was conducting another feasibility study and the report was expected within a month. The State governments would also be sharing details on survey being carried out to assess the iron ore and incentives they can extend for improving the IRR of proposed two facilities.

On the investment in the Paloncha facility, the Minister said it typically would be ₹6,000 crore for a 1 MT steel plant.

Noting that the proposed JV of SAIL and ArcelorMittal was in the offing for some time, Mr.Birender Singh said the agreement was likely to be signed “maybe within few days or within 1-2 weeks time”.

 

[Hindustani78]

• Tata Steel to raise Rs 12,800 cr to fuel growth strategy

http://www.ptinews.com/news/9335770_Tata-Steel-to-raise-Rs-12-800-cr-to-fuel-growth-strategy.html

20:30 HRS IST
(Eds: Updating story with rights issue plan)

New Delhi, Dec 19 (PTI) Steel major Tata Steel today said its board has approved raising Rs 12,800 crore through a rights issue to finance organic and inorganic growth plans.

The board in its meeting today also approved a proposal to expand the capacity of Kalinganagar plant by 5 million tonne per annum (MTPA) to 8 MTPA with a total investment of Rs 23,500 crore, the company said in a statement.

The board also reviewed the financial strategy of the company in the light of organic and inorganic growth strategy of the company and approved financial plan to raise capital for the plan.

"The Board approved issuance of equity and equity linked instruments including ordinary shares of the company by way of a rights issue to existing shareholders on record date for an amount not exceeding Rs 12,800 crore...," the statement said.

Tata Steel said that following the successful implementation of the phase 1 of the Kalinganagar Project in Odisha, "the board approved the next phase of expansion of capacity in Kalinganagar by 5 MTPA from 3 MTPA to 8 MTPA (million tonne per annum)".

An amount of Rs 23,500 crore will be required for the project which the company aims at completing within 48 months from the date of commencement of construction, it said.

The total capacity of Tata Steel India operations following the expansion will be 18 MTPA. At present, Jamshedpur unit has a capacity of 10 MTPA and Kalinganagar, for which the decision was taken, is a 3 MTPA plant.

The mode of finance for the work will be "through a combination of debt and equity" and the project configuration and costs includes investments in raw material capacity expansion, upstream and midstream facilities, infrastructure and downstream facilities including a cold rolling mill complex, it added.

The decision was taken keep in view the requirement of automotive, general engineering and other value added segments, Tata Steel said.

 

[Hindustani78]

Ministry of Housing and Urban Poverty Alleviation
22-December, 2017 16:16 IST
Subsequent to restructuring of Hindustan Steel Works Construction Ltd, share holders agreement signed with NBCC

Board of HSCL to be reconstituted

51% equity to be held by NBCC and 49% by MOHUA in HSCL

Synergy to prove beneficial for achieving economies of scale for NBCC and assist in better manpower optimization: Hardeep Puri



A Share Holding Agreement (SHA) was signed in the presence of Shri Chaudhary Birender Singh, Minister of Steel and Sh Hardeep S Puri, Hon’ble MoS(I/C) Ministry of Housing and Urban Affairs here today . After signing the SHA, the shares held by M/o Steel (49%) have been transferred to MoHUA. The Board of HSCL would be reconstituted and CMD or representative of NBCC would become the non-executive Chairman of HSCL. Addressing those present on the occasion, Sh Puri expressed confidence that the synergy would strengthen both the companies which have similar lines of business activity in achieving economies of scale for NBCC and would assist in better manpower optimization.

NBCC has acquired 51% of HSCL’s share capital by investing Rs 35.70 crore and HSCL has become a subsidiary of NBCC w.e.f. 01.04.2017. The proposal for restructuring of Hindustan Steel works Construction Ltd (HSCL) – a Company under the administrative control of Ministry of Steel was approved earlier this year. The administrative control of HSCL would also change from M/o Steel to MoHUA.

7. The salient features of the SHA are as follows: -

a) The SHA will come into force retrospectively w.e.f. 01.04. 2017.

b) The equity participation would be 51% by NBCC (3,57,00,000.00 shares) and 49% by MoHUA (3,43,00,000.00 shares), totaling 7,00,00, 000.00 number of equity shares in HSCL.

(c) The company, i.e., HSCL shall have a Board of not more than 15 Directors. The functional and nominee Directors will be appointed as per the prescribed procedure by DPE.

(d) Independent Directors in the company would be appointed following the procedures prescribed by Government/DPE and SEBI.

(e) The Company shall have at-least one-woman Director on the Board in terms of Companies (Appointment and Qualification of Directors) Rules, 2014.

(f) The CMD of HSCL would be re-designated as MD of the restructured company and CMD of NBCC or representative will be the Chairperson of the Board of the Company.

BENEFITS OF RESTRUCTURING AND TAKEOVER OF HSCL BY NBCC

a) Both NBCC and HSCL have similar lines of business activity and takeover would result in economies of scale for NBCC and would assist in better manpower optimization.

b) Both companies will benefit from each other’s resources and expertise.

c) HSCL will be able to fulfill its commitment of execution of projects in hand and orders secured.

----