Home Transport Infrastructure News Railways News Indian Railways, PSUs place orders worth ₹ 8,129 crores with domestic steelmakers

    Indian Railways, PSUs place orders worth ₹ 8,129 crores with domestic steelmakers

    336
    Indian Railways, PSUs place orders worth ₹ 8,129 crores with domestic steelmakers

    According to the statement, Piyush Goyal-led Railway Ministry, GAIL, ONGC, HPCL, and EIL have placed orders with domestic steelmakers worth 8,129 crores. Earlier, these products were imported from other countries but now, they are being procured from domestic steelmakers.

    The statement further said that to increase consumption of rails manufactured indigenously either through SAIL or through other domestic producers, discussions are on with the Railway Ministry. Also, efforts are being made to on-board sectors such as Defence and CPWD so that use of steel products, which are manufactured domestically grows, the statement said.

    The Ministry of Steel had promulgated a policy, in a bid to give preference to domestically manufactured iron and steel products (DMI&SP). The policy was notified last year on May 8. Thus, to make sure that the policy is being implemented properly, a standing committee has been constituted under the Ministry of Steel, chaired by steel secretary to oversee its implementation.

    According to the ministry statement, in addition to the standing committee, a grievance committee has also been formed in order to carry out grievance redressal which may commence while implementing the DMI&SP policy. A Conclave was organized in Bhubaneswar by the Ministry of Steel in the month of October this year for Indian producers of capital goods, that are meant for the steel sector. Memorandum of Understandings (MoUs), worth Rs 39,400 crore were signed between manufacturers of foreign capital goods and technology providers with domestic manufacturers of capital goods and steel producers at the conclave.

    Read – Ministry of Steel to take lead role in transforming Steel PSUs : Minister Birender Singh

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here