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State's crude steel capacity rises by 6.15MT in 5 years: Min

State's crude steel capacity rises by 6.15MT in 5 years: Min

Time of India28-07-2025
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Kendrapada: Steel industry in Odisha has witnessed substantial growth, with the state now hosting 60 operational plants — 59 private and 1 public, Union minister of state for steel Bhupathiraju Srinivasa Varma has informed the Rajya Sabha.
The state's crude steel capacity has increased by 6.15 million tonnes over the last five years, reaching 31.48 MT, the minister added.
In response to a query from Rajya Sabha MP from Odisha, Muzibulla Khan, Varma said the steel sector is deregulated, with the govt providing a policy-friendly environment while companies must secure their own statutory approvals. Since Jan 2020, 34 environmental clearances have been granted, with approvals extending until July this year, the minister said.
Replying to a joint question from MPs Harsh Mahajan and Dr Kavita Patidar, Varma said several initiatives like the implementation of domestically manufactured iron & steel products policy and the Production Linked Incentive (PLI) scheme for specialty steel, have been initiated to enhance domestic manufacturing, reduce imports and attract capital investments.
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