Durgapur plant started showing improved performance, says steel minister

Alloy steel plant has a diverse product portfolio of over 400 grades critical in end-use by strategic sectors

GN Bureau | December 3, 2018


#Durgapur steel plant   #steel   #Chaudhary Birender Singh  

Steel minister Chaudhary Birender Singh who recently visited Durgapur-based alloy steel plant (ASP) said the plant has started showing improved performance both in physical and financial terms.

 
He also said the plant is geared up to make net profit from next year.
 
ASP has a diverse product portfolio of over 400 grades critical in end-use by strategic sectors like, defence, railways, automobiles, power plants, heavy engineering and manufacturing industries, including steel plants. ASP was established in 1965 under Hindustan Steel Limited, now SAIL, to ensure India’s self-reliance in alloy and special steels production.
 
Chaudhary also visited the Durgapur Steel Plant (DSP) and said DSP's commensurate growth plan has been duly considered in tune with the National Steel Policy of producing 300 metric tonne of steel by 2030-31.
 
He said SAIL needs to be more profitable and retain its leadership position in the market. Chaudhary also spoke about development in the township and the necessity for providing better medical facilities at the DSP Main hospital.
 
 

Comments

 

Other News

“Cancer is just a mind game”

Dr. Ananda Shankar Jayant, a Padma Shri awardee, inspired audiences for decades through her mastery of Bharatanatyam and Kuchipudi. But it was her journey through cancer that taught some of life`s most powerful lessons in courage and resilience.

Why Swami Vivekananda is the pathfinder for our times

Swami Vivekananda for Our Times  Edited and compiled by Rajiv Sikri, with Introduction by S. Gurumurthy Rupa Publications, 552 pages, Rs 695  

Five ways to realise the potential of India’s handicraft and handloom sector

India`s economic ambitions are increasingly defined by the industries of the future. Semiconductors, electronics, artificial intelligence and advanced manufacturing dominate policy conversations. Yet one of India`s largest employment-intensive sectors continues to occupy a surprisingly marginal place in ec

Beyond toilets: Why open defecation persists in rural India

Despite the awareness campaigns on sanitation across India, open defecation (OD) is practised openly and widely in both rural and urban areas. Research shows that rural respondents are well aware of the negative impacts of OD, yet this awareness does not lead to toilet construction or use. In rural North I

What unpaid nation builders want from policymakers

The Supreme Court recently described homemakers as “nation builders” and fixed a notional monthly income of Rs 30,000 for them in motor accident compensation cases. The judgment was not about wages. It was about compensation. Yet it inadvertently raised a larger economic question: If a homemake

What the US–Iran peace deal means for India

After months of rising tensions, the United States and Iran have reached a memorandum of understanding called the "Islamabad Agreement." This agreement allows for the immediate reopening of the Strait of Hormuz without tolls and provides Iran with relief from sanctions, depending on its complianc





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter