Sunday 18 November 2018
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business-standard - 9 days ago

PSUs, railways place Rs 8,129 cr orders with domestic steel makers

In what could be a big boost to Make in India drive, government PSUs and railways have placed orders for iron and steel to the tune of Rs 8,129 crore with domestic manufacturers during June 2017 to October 2018, the Ministry of Steel said Friday. It said with such placement of orders demand for domestic iron and steel products have witnessed a substantial growth. Efforts made by the Ministry of Steel have ensured placement of orders for domestic iron and steel to the tune of Rs 8,129 crore from June 2017 to October 2018, the Ministry of Steel said in a statement. It said the Ministry of Railways, ONGC, GAIL, EIL and HPCL have placed orders with domestic iron and steel manufactures for various categories of rails, pipe and tubes. These products were earlier imported but are now being procured from domestic producers. Discussions are on with Ministry of Railways to increase consumption of rails manufactured indigenously either through SAIL or other domestic manufactures. Efforts ...

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