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Tuesday, March 12, 2013

Govt to adopt latest Technology for improvement in Steel Sector
The major steel plants in the country have already embarked upon modernization/expansion programme and are phasing out obsolete technologies. Further, new/green field steel plants are being set up with latest world class technologies.
The Minister of Steel, Beni Prasad Verma has said that Government through its policies has been pursuing adoption of latest technologies for improving efficiency of Indian steel industry. The report of the Working Group on Steel Industry for the 12th Five Year Plan, National Steel Policy and Roadmap for R&D and Technology etc. enlist such measures.  The major steel plants in the country have already embarked upon modernization/expansion programme and are phasing out obsolete technologies. Further, new/green field steel plants are being set up with latest world class technologies.
In a written reply in the Lok Sabha today he said, major steel companies like Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) in the public sector and Tata Steel Limited, JSW Steel Limited, Essar Steel Limited, Jindal Steel & Power Limited and JSW Ispat Steel Limited in the private sector are engaged in Research and Development work in the iron and steel sector in the country.
Shri Verma said, there have been substantial achievements from the R&D programmes pursued by the companies during the past which inter-alia covers:
  •  Raw Materials upgradation;
  • Improvement in Process/ Technology,
  • Products and Productivity;
  • Development of  New products & improvement in Quality; and
  • Improvement in Energy consumption & Environment Management.
The Minister said, the total budget allocated and expenditure incurred on research and development activities during the last three years by the Public Sector Steel Companies are given hereunder:
A new scheme ‘Promotion of R&D in Iron & Steel Sector’ was introduced by the Government in the 11th Five Year Plan which has been continued in the 12th Five Year Plan. Government has allocated Rs. 200 crore on R&D during the 12th Five Year Plan Period. A New Component is being added in the aforesaid scheme for development of technology for Cold Rolled Grain Oriented (CRGO) electrical steel sheets and other value added innovative steel products, the Minister added.

Courtesy: IIFL