New Delhi, Feb 18 (IANS) The Ministry of Steel on Wednesday unveiled a comprehensive roadmap on Digital Opportunities in the Steel Sector at the ongoing India AI Impact Summit 2026 at Bharat Mandapam, reaffirming its commitment to transform India into a technology-driven global steel powerhouse.The roadmap reflects a strategic recognition that the next phase of growth in steel will be defined not only by expanded capacity but also by intelligent systems, predictive analytics, automation, and dat…
Latest Ministry of Steel News & Updates
New Delhi, Feb 9 (IANS) The Ministry of Steel on Monday signed Memoranda of Understanding (MoUs) with 55 companies for 85 projects, involving an investment of Rs 11,887 crore. These projects are expected to add 8.7 million tonnes of speciality steel capacity by 2030-2031, significantly expanding India’s capabilities in high-end steel segments such as electrical steel, alloy and stainless steels, coated products, and grades required for strategic sectors.The MOUs were signed at Vigyan Bh…
New Delhi, Feb 1 (IANS) Union Minister for Heavy Industries and Steel H.D. Kumaraswamy said on Sunday that the Union Budget for the current financial year has made major announcements aimed at boosting the production and utilisation of rare earth metals and promoting electric vehicles. The Union Minister said the Budget has laid strong emphasis on encouraging EV batteries and electric mobility, and the customs duty exemption for battery manufacturing has been continued.In addition, the exemption…
New Delhi, Jan 19 (IANS) The ED attached a Rs 32 crore apartment in Gurugram belonging to a company which bought it using loan funds illegally diverted from an associate company, an official said on Monday. The Enforcement Directorate (ED), Headquarters Investigation Unit (HIU), New Delhi, issued a Provisional Attachment Order (PAO) under the provisions of the PMLA, 2002, attaching Apartment No. 1516B, The Magnolias, DLF City Phase-V, Wazirabad, Gurugram, Haryana, registered in the name of Anvi …
New Delhi, Jan 6 (IANS) India’s largest manganese ore producer MOIL has achieved best-ever production performance in FY 2025-26 (April-December), recording its best-ever production figures for both the third quarter and the first nine months of the current financial year, the Ministry of Steel said on Tuesday.During Q3 of FY 2025-26, MOIL achieved a record manganese ore production of 4.77 lakh tonnes, registering a growth of about 3.7 per cent over the corresponding period last year (CPLY).Thi…