You are here: Home » Economy & Policy » News
Business Standard

Steel Minister directs PSUs to make non-operational mines functional

The minister made the remarks at a meeting with CMDs of Steel Authority of India Limited (SAIL), NMDC and Manganese Ore India Limited (MOIL)

Topics
steelmakers | Steel producers | steel ministry

Press Trust of India  |  New Delhi 

metals, commodity, steel prices

Union Steel Minister Ram Chandra Prasad Singh on Friday directed PSUs under his ministry to start mining activity at their non-operational mines.

According to a statement, the minister made these remarks at a meeting with CMDs of Steel Authority of India Limited (SAIL), NMDC and Manganese Ore India Limited (MOIL).

"Steel Minister has expressed his concern over the non-operationalisation of certain mines...and directed the concerned CPSEs to finalise the roadmap for starting the mining operations in these non-working leases/mines," the ministry statement said.

During the meeting, in which senior officials of the Ministry of Mines were also present, Singh directed the steel PSUs to expedite regulatory compliances to avoid lapsing of the leases of the mines.

The CPSEs have been directed to submit a status report at the earliest to Minister, it said.

While SAIL is an integrated steel making company under the Ministry of Steel, NMDC and MOIL are into mining of various types of minerals mainly iron ore and manganese ore.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, November 26 2021. 20:15 IST
RECOMMENDED FOR YOU
.