Virbhadra Singh assumes charge of Steel Ministry
May 29th, 2009 - 6:37 pm ICT by ANI ( 4 comments )New Delhi, May 29 (ANI): Minister for Steel Virbhadra Singh assumed charge here on Friday.
He was welcomed by Steel Secretary P.K.Rastogi and other senior officers.
Talking to reporters after taking charge, he said that one of his key priorities would be to ensure that the expansion programmes of the public sector giants the Steel Authority of India Limited (SAIL) and the Rashtriya Ispat Nigam Limited (RINL) is completed in time in a cost effective fashion.
“While the capacity of SAIL will go up to 26 million tons that of RINL will go up to six million tons after the expansion. Both the expansion programmes will involve an expenditure of over Rs.70, 000 crore,” he said.
He added that steel sector in India and China have recorded positive growth during the first quarter of this calendar year while the global steel production has contracted by 23 per cent during the same period.
“Another focus area will be to bring in a rational, seamless and transparent regime for allocation of raw material resources to existing and prospective steel producers,” he said.He further said, the Ministry of Mines would be requested to undertake consequential amendments to Mines and Minerals (Development and Regulation) Act 1957 to bring amendments to force.
“There is a need to restructure some of the smaller steel PSUs and for attempting mergers to capture the benefits of improved synergies. The companies under restructuring/merger mode include the Bird group of companies, the HSCL, the BRL and the SIIL,” he said (ANI)
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Tags: bird group, brl, consequential amendments, focus area, global steel, material resources, mergers, p k rastogi, psus, raw material, regulation act, rinl, siil, steel authority of india limited, steel ministry, steel producers, steel production, steel sector, synergies, virbhadra singh
July 19th, 2009 at 10:58 pm
We are very very happy on assuming your charge of Ministry of Steel. Party High Command has given due regard to the feelings of masses of Himachal Pradesh. We thank the Congress High Command for giving due recognition to the right person.
May long live true leader of Himachal Pradesh
July 25th, 2009 at 4:25 pm
injustice to my father has been meeted out ,consideration on humanitarian ground needed as mother is a cancer patient&sister suffers from oesteoplurosis(softening of bones),varicose,body wt.250kg due to abnormalgrowth.treatment from ramdevbabas centre&doctors in bokaro,patient was recovering but forced eviction has made life of the family miserable.honest,kind minister can help .my no.ph-09431738830
July 25th, 2009 at 4:39 pm
an honest &kind minister i know as i had visited the state& nobody spoke in the negative.but i expect the same for my problem as my father is a retired engineer&mom is a cancer patient & sister bedridden intervention required as forced eviction is done with lots of damages to property pl.contact me-09431738830/or mail me.stigmatised also
January 14th, 2011 at 8:45 pm
Well, if you think that he will help you that I will be surprised. My dad tried saving money for SAIL and this guy transferred him for his own interests. I wish we had honest miniters in India. It yet again proves that India is still the same corrupted country and the development stories are nothing but a rumour.