Governance Now Masterminds

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.
 
 

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