December 27, 2024 07:54 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
I have lost a mentor and guide: Rahul Gandhi writes on Manmohan Singh's demise | Manmohan Singh left strong imprint on our economic policy over years: PM Modi | A rare leader who spoke softly but achieved monumental strides: Gautam Adani mourns Manmohan Singh's death | Instagram influencer and freelance RJ Simran Singh dies by suicide in Gurugram | Anna University sexual assault case: Accused is a DMK worker, claims BJP's Annamalai | Celebrities too responsible for crowd control: Telangana CM Revanth Reddy to Telugu filmdom amid Pushpa 2 stampede row | Boat capsizes off Calangute Beach in Goa; 1 killed, 20 rescued | Canada announces change to immigration system, likely to impact Indians seeking permanent residence | Azerbaijan Airlines tragedy: 32 passengers rescued, flight attempted several emergency landing before crashing | Man sets himself on fire near Parliament building; locals, police rush him to hospital

Odisha emerges as India's steel hub, contributing 25% of national production

| @indiablooms | Oct 23, 2024, at 05:16 am

Bhubaneswar: Odisha has emerged as the country's steel manufacturing hub with Odisha accounting for 25% of the India’s total steel production, according to MD and CEO of mjunction services Ltd Vinaya Varma.

Speaking at Steel Markets Conference organized by mjunction at Bhubaneswar, Varma said, "Odisha accounts for 25% of the India’s total steel production and is fast emerging as the 'steel Hub' of India."

The theme of the two-day event was “Connecting the Dots for a Sustainable Future,” with special focus on Iron ore, Pellets, Scrap and DRI sectors.

Not only finished steel, Odisha is also taking major strides in iron ore supplies.

Vivek Nishant Nath, GM (Sales and Marketing), Odisha Mining Corp said, “Odisha has emerged as the biggest iron ore dispatching company in the country surpassing NMDC Ltd as of now, supplying 23 million tons till September of the current financial year.”

For full year FY25, OMC is planning to dispatch more than 40 million tons, he added.

“Tata Steel has recently commissioned India's largest blast furnace at its Kalinganagar facility in Odisha”, Rajiv Kumar, VP, Operations, Tata Steel Kalinganagar, said, adding that the facility is extensively implementing robotics, data and vision analytics to improve safety and productivity.

According to Manish Singla, Practice Leader, Energy and Commodities, Consulting, CRISIL, “Of the 120 million tons of steel capacity coming up in the country, majority is coming up in Odisha. Also, 66% of this capacity is through the Blast Furnace route”, he said.

Significant capacity addition is happening after years of consumption growth outpacing steel production growth, and this has led to capacity utilization levels going up, he said.

The conference concluded on Tuesday with some key sessions on logistics infrastructure and sourcing strategies. 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.