Home ECONOMY ‘Odisha can help meet national steel output target’

‘Odisha can help meet national steel output target’


Reported by Sandeep Pattnaik

Bhubaneswar, Feb 22:

Given the abundant reserves of iron ore it has, Odisha can contribute a large chunk of the national target of producing 3000 MTs of steel a year, Union Steel Secretary G Mohan Kumar said on Saturday while reviewing the progress of steel producing units in the State.

G Mohan Kumar
G Mohan Kumar

“In the last five years, many progressive things have happened in Odisha, particularly in the steel sector. Since the State has the largest reserve of iron ore, it can contribute substantially in the achievement of the national target to produce 3000 million tons [MT] of steel,” Mohan Kumar said.

Chief Secretary JK Mohapatra asked the Odisha Mining Corporation (OMC) and other allottees to utilize all their allotted mines to ensure long term raw material linkage to steel producing units. He also advised steel makers to study the best practices adopted in other states for maximizing royalty earnings from iron ore.

Various issues relating to mining of iron ore, forest clearances, renewal of mining leases, expansion of SAIL units, long term raw material linkages, e-auction of iron ore, environmental and other statutory clearances which creates bottlenecks in steel production were discussed during the meeting.

Officials of PSUs like SAIL, NMDC and representatives of private steel giants like POSCO lauded the efforts of the state government in resolving  the project development issues.