The country has avoided steel imports worth over Rs 20,000 crore following DMISP policy since its launch in 2017, Union Steel Minister Dharmendra Pradhan said. In 2017, the government launched the National Steel Policy (NSP) with an aim to scale up India’s steel making capacity to 300 million tonnes by 2030 with an additional investment of Rs 10 lakh crore. The government also rolled out the domestically manufactured iron and steel products policy (DMISP) policy to boost the use of domestic steel products in government organisations.
Coal India arm NCL is looking to pump in Rs 7,000 crore over the next four years to ramp up production capacity and boost infrastructure at various projects, a company official has said. Northern Coalfields Ltd (NCL) also has plans to enhance social infrastructure that includes building healthcare facilities, community halls and other welfare amenities for its employees and the local population.
India’s competitive renewables market and clean power goals are projected to double the share of zero-carbon electricity generated in the country over the next decade, according to BloombergNEF (BNEF).
Coal India (CIL) Chairman Pramod Agarwal confirmed that there was no proposal to give away any coal block of the PSU giant for commercial mining. The company has sufficient number of coal blocks with abundant resource capacity to continue as a commercially viable entity even in the competition era, he said.