Home ECONOMY 11 Odisha steel companies shut temporarily

11 Odisha steel companies shut temporarily

0
SHARE

Bhubaneswar: Eleven steel companies in Odisha have temporarily shut down operations while several others are yet to achieve their full installed capacity, a minister announced on Friday.

Steel and Mines Minister Prafulla Mallick made the announcement in the Assembly. He said the running and closing down of steel plants depended on market demands.

The plants which are temporarily shut down are Action Ispat and Power, Deepak Steel and Power, Jain Steel and Power, Maheswari Ispat, MSP Metallicks, Orissa Sponge Iron and Steel, Rathi Steel and Power, Thakur Prasad Sao and Sons, Concast Steel and Power, Sree Metalicks and Orion Ispat.

The minister said that out of 47 steel projects, several others had not achieved full production of installed capacity.

While the total installed capacity of the projects was 28.25 million tonnes per annum (mtpa), they together had achieved 9.95 mtpa in 2015-16 and 13.391 mtpa in 2016-17, he added.

Officials in the steel and mines department said four companies — Posco India, Arcellor Mittal, Maharastra Seamless and Sterlite Iron and Steel Company — had withdrawn the projects they wanted to set up in Odisha.(IANS)

LEAVE A REPLY

Please enter your comment!
Please enter your name here