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SAIL, RINL spent over Rs 1,000 cr on R&D in last 3 financial year: Minister

Chaudhary Birender Singh, Minister of Steel sector said that adoption of advanced technology can help domestic steel industry become a leader in quality steel

Press Trust of India  |  New Delhi 

steel

PSUs Authority of Ltd and have spent a total of Rs 1,017.25 crore on research and development (R&D) activity in last three financial years, Parliament was informed Monday.

R&D is an ongoing activity and companies in both private and public sectors are conducting research in iron and steel sector, of Steel Chaudhary Birender Singh said in a written reply to Lok Sabha.

Providing the details of steel PSUs, he said the R&D expenditure of Ltd (SAIL) between financial year 2015-16 to fiscal 2017-18 stood at Rs 951.93 crore.

Giving further details he said, the R&D expenditure of SAIL for 2015-16 was at Rs 277 crore, for 2016-17 (Rs 339.43 crore) and 2017-18 (Rs 335.50 crore).

(RINL) spent Rs 65.32 crore on R&D activity during the said period, the said adding Rs 21.74 crore was spent in 2015-16, Rs 23.52 crore in 2016-17 and Rs 20.06 crore in 2017-18.

The had earlier said that adoption of advanced technology can help domestic become a

With this aim, the ministry has set up an industry driven institutional mechanism (SRTMI) to facilitate joint collaborative research projects in the iron and in India.

First Published: Mon, January 07 2019. 15:40 IST
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