New Delhi, April 30 (IANS) India and Russia on Thursday held high-level talks to strengthen the long-standing bilateral partnership and identify new opportunities for collaboration in the steel sector, according to an official statement. The round table conference was convened at the Ministry of Steel, co-chaired by the Secretary of the Ministry of Steel and Pavel Sorokin, First Deputy Minister of Energy of the Russian Federation.The meeting was attended by a high-level Russian delegation, inclu…
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New Delhi, April 22 (IANS) The government will hold an Open House in the national capital on April 27 to discuss issues related to import of steel amid the global tensions.The Ministry of Steel said that companies and associations may present their issues related to above subjects in the Open House. “The Open House will be conducted from 11:00 am to 5:00 pm and specific time slots will be indicated via e-mail. Walk-ins will not be possible due to logistic challenges and only one representative…
New Delhi, April 16 (IANS) India and Russia on Thursday reviewed their ongoing engagement in the steel sector and discussed ways to deepen bilateral cooperation during a high-level round table held at the Ministry of Steel in the national capital.The India-Russia Round Table was co-chaired by the Secretary, Ministry of Steel and Mikhail Iurin, Deputy Minister of Industry and Trade of the Russian Federation.The meeting brought together representatives from industry and allied sectors from both co…
Amaravati, April 13 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Monday directed officials to simplify policies and procedure to ensure speedy setting up of industries in the state. He emphasised the need to eliminate unnecessary laws and regulations to create a more business-friendly environment.A central delegation led by the Ministry of Steel Secretary Sandeep Poundrik visited the Secretariat and discussed on the Union government’s Deregulation Phase-2 initiative with the Chie…
New Delhi, April 8 (IANS) India’s steel industry clocked a robust 10.7 per cent year-on-year growth in production at around 168.4 million tonnes during 2025–26, consolidating its position as the world’s second-largest producer while navigating global uncertainties and price pressures, according to a statement issued by the Ministry of Steel on Wednesday.Domestic demand remained the key growth driver with finished steel consumption at 164 million tonnes, expanding by about 7–8 per cent, d…
New Delhi, April 2 (IANS) India’s largest iron ore producer and miner, NMDC achieved a production of 53.15 MT of iron ore in FY26, becoming the first company in India’s mining history to surpass the 50 MT annual production mark, the government said on Thursday.The company produced 5.35 MT and sold 5.90 MT of iron ore in the month of March 2026, marking exceptional growth of 51 per cent and 40 per cent, respectively over the previous year, an official statement said.The total production durin…
New Delhi, March 14 (IANS) India’s largest iron ore producer NMDC has become the first mining company in the country to produce 50 million tonnes (MT) of iron ore in a single financial year, ahead of the close of FY 2025–26.Established in 1958 to develop India’s iron ore resources, the Navratna CPSE, under the Ministry of Steel, produced around 10 MT in 1978. “Over the decades, output has expanded fivefold to reach a historic 50 MT in FY 2025–26, reflecting the company’s steady trans…
New Delhi, March 11 (IANS) State-run steel major Steel Authority of India Limited (SAIL) has reported its highest-ever sales during the April–February period of FY26, the Ministry of Steel said on Wednesday.The Maharatna PSU recorded total sales of 18.24 million tonnes (MT) during the first 11 months of the financial year, registering a 14 per cent year-on-year growth, the company said.During the same period, the steel producer achieved its highest-ever cash collection of Rs 1.11 lakh crore, a…
New Delhi, March 3 (IANS) India’s steel sector is targeting a capacity of 300 million tonnes by 2030 and 400 million tonnes by 2035, to position the country as a global leader in steel production, the government said on Tuesday.Sandeep Poundrik, Secretary, Ministry of Steel highlighted the sector’s ambitious expansion plans as the government convened a high‑level interactive session with senior diplomats across the globe to advance strategic collaboration, an official statement said.The mi…
New Delhi, Feb 21 (IANS) India and Brazil on Saturday signed a memorandum of understanding (MoU) to enhance cooperation in the field of mining and minerals required for the steel sector.This partnership will support efficient preparation of steelmaking inputs, enable technology-led improvements across the steel value chain and strengthen resilience and sustainability of the India–Brazil steel supply chain.According to Ministry of Steel, it provides an institutional framework for strengthening …