Skip to main content

Odisha will become Heart of Steel

The state known for its rich minerals now ready to become steel hub.  The meeting held on 19th july in presence of Steel minister Mr.  Dharmendra Pradhan to discuss roadmap for achieving goal of steel policy to produce 300 million MT in india up to 2030.  Odisha will play a major role in achieving this goal. Odisha has to produce 100 million tonne alone to achieve steel policy targets and meeting done to discuss roadmap with major stakeholders of state said Mr.  Pradhan in its tweet.


The presence of major steel players like TATA Steel, SAIL and Jindal steel and power in state with capacity expansion and investments of new players like JSW steel will take it to the 100 million tonne tag.

Mr.  Pradhan also emphasises on states natural beauty,  heritage and magnificent temples that has potential to be developed as a world class tourist destination.


As per the vision of India's prime minister narendra modi  to take india to 5 trillion  dollar economy from current 2.8 trillion dollar economy rich mineral states like odisha has to play vital role. 


Hindi version

ओडिशा हार्ट ऑफ स्टील बन जाएगा

अपने समृद्ध खनिजों के लिए जाना जाने वाला राज्य अब स्टील हब बनने के लिए तैयार है।   इस्पात मंत्री श्री धर्मेन्द्र प्रधान की उपस्थिति में  2030 तक भारत में 300 मीट्रिक टन उत्पादन करने के लिए 19 जुलाई को आयोजित  बैठक में  इस्पात नीति के लक्ष्य को प्राप्त करने के लिए रोडमैप पर चर्चा की गई। ओडिशा इस लक्ष्य को प्राप्त करने में एक प्रमुख भूमिका निभाएगा। श्री प्रधान ने अपने ट्वीट में कहा कि ओडिशा को इस्पात नीति लक्ष्यों को हासिल करने के लिए अकेले 100 मिलियन टन का उत्पादन करना होगा।
क्षमता विस्तार के साथ राज्य में टाटा स्टील, सेल और जेएसपीएल जैसे प्रमुख स्टील खिलाड़ियों की उपस्थिति और जेएसडब्ल्यू स्टील जैसे नए खिलाड़ियों के निवेश इसे 100 मिलियन टन के टैग पर ले जाएंगे।
श्री प्रधान ने राज्य  की  प्राकृतिक सुंदरता, विरासत और शानदार मंदिरों पर भी जोर दिया है, जिन्हें विश्व स्तर के पर्यटन स्थल के रूप में विकसित करने की क्षमता है।

भारत के प्रधान मंत्री नरेंद्र मोदी के दृष्टिकोण के अनुसार, भारत को वर्तमान 2.8 ट्रिलियन डॉलर की अर्थव्यवस्था से 5 ट्रिलियन डॉलर की अर्थव्यवस्था में ले जाने के लिए ओडिशा जैसे समृद्ध खनिज राज्यों को महत्वपूर्ण भूमिका निभानी है।

Comments

Post a Comment

Popular posts from this blog

Steel recycling must for environment protection goals

Recycling means generating from waste is the key business that is on focus now a days. Steel recycling which is ignored in india till now is focussing on this business. TATA Steel starts a joint venture at rohatak Haryana with Arti green tech,  a unit of ludhiana based Arti steel with investment of 150 crore to produce steel from scrap with digitally equipped technologies. Steel recycling will reduce carbon emmissions up to 60% and indian steel will flourish sustainably. Where as its a dream project of Mr.  Narendran CEO & MD of TATA Steel. Steel has properties that never lost after recycling they remain same. Currently automobile and other various sectors are generating steel scrap which is tough to handle and also a loss for business. So after the complete research TATA steel is focussing towards environment friendly technologies with great safety.  Arcelor mittal is already in recycling steel business and almost 30% steel is recycled by them. But In India now with capacity of …

TATA steel Quarter 1 results increased 9% YOY

Indian steel player TATA steel posts quarter one numbers in its bse filing.  The overall production increased 9% in 2019-20 first quarter compared to last year in same quarter. The production and sales volumes both increased in India but in Europe both sales and production decreased. After Bhushan steel takeover domestic business is showing better results with full capacity utilization. Steel prices goes up after china US trade war and chinese environmental policies to cut down emissions affecting production and subsequently prices of steel are increasing drastically in the market which is benefiting indian steel industry.

Production data of Quarter 1 

Production         2019-20     2018-19
Over All            7.61mt      6.97mt
India                     4.37mt       3.64mt
Europe                  2.66mt      2.81mt
South east Asia0.58mt      0.52mt

Sales data of Quarter 1

Sales                     2019-20      2018-19
Over All                6.75mt       6.39mt
India                  …

Essar Steel fate yet to decide

Domestic major steel player Essar is under IBC proceedings since last 2 years. The decision of NCLAT came on 5 july cleared the bid of 42000 crore of arcelor mittal group.  But its financial lenders like SBI are not happy with the decision and planning to go for Supreme court as per a banking executive. The Ruias resolution plan of 54000 crore is looking more promising to lenders as they get entire share of their loan amount. Where as company is now performing well as they posted 1120 crore operating profit in april- june quarter which is 2.5% increased from the same quarter in last year despite price downfall in steel sector. The company is under resolution professionals and performing well by improving their product mix, Now the company is managing cash flow for their entire operations and not taking any kind of loan. But the fate is still to decide of this 10mt capacity major steel giant group.