Latest news with #SalemSteelPlant
The Hindu
10 hours ago
- Business
- The Hindu
Process of reviving Salem Steel Plant at preliminary stage: Union Minister H.D. Kumaraswamy
Union Minister for Heavy Industries and Steel H.D. Kumaraswamy said the process of reviving the Salem Steel Plant is at a preliminary stage, on Saturday (June 21, 2025.) The Union Minister participated in the International Yoga Day celebrations at Salem Steel Plant on Saturday and performed asanas. International Yoga Day LIVE updates: Yoga teaches us we are not isolated individuals but integral parts of nature: PM Modi Later, speaking to the reporters, the Union Minister congratulated Prime Minister Narendra Modi for encouraging the Hindu culture of yoga. 'Every year on June 21, the Prime Minister himself attends yoga and encourages every family to do yoga, as it is a must to look after their health. By participating in yoga, the Prime Minister also encouraged the world to do yoga.' Stating that it is his second visit to Salem Steel Plant after becoming Union Minister, Mr. Kumaraswamy said, 'We are working out how to revive Salem Steel Plant. We have constituted two consultative committees to give their recommendations to improve the Salem Steel Plant technically and market-wise, which are in the preliminary stage. We have a sentiment about the plant that it was earlier running successfully and each family had this plant product. In the year 2003-04, the plant functioned with ₹180 crore profit. But now, in the last 10 to 15 years, the profit is declining and steps are being taken to sort this out, which are in preliminary stages.' International Yoga Day 2025 — In pictures 1 / 21 The Prime Minister and also the Finance Minister have commitments to save these kinds of Public Sector Undertakings (PSUs). The decline of the Salem Steel Plant allegedly started during the United Progressive Alliance (UPA) government at the centre between 2004 and 2014. Since the steps to revive this plant are still in the preliminary stage, we expect to receive proper information within the next four or five months. Several consumer products could be produced at Salem Plant and we are working on it. 'At present, there is no idea for new recruitment for the plant and the first duty is to save this plant and sort out the workers issue and after strengthening the plant, there will be new recruitment,' the Minister added. Responding to a question on the BJP trying to divide regional parties, the Union Minister replied that the BJP is not dividing the parties. The regional parties in some States are dividing themselves owing to personal issues. The BJP is working to strengthen the country. Regarding the language issue in releasing the actor Kamal Haasan-starred Thug Life movie in Karnataka, the Minister said the movie was released already.
New Indian Express
13 hours ago
- Business
- New Indian Express
Union Minister Kumaraswamy inspects Salem Steel Plant
SALEM: Union Minister for Steel and Heavy Industries HD Kumaraswamy paid an official visit to the Salem Steel Plant on Friday. The minister was received by district authorities and plant officials and was accorded a Guard of Honour. 'The steel is not just a material, it is the backbone of national development,' Kumaraswamy said, highlighting the sector's central role in realising the government's vision of a Viksit Bharat by 2047. During a tour of the plant, a unit of Steel Authority of India Limited (SAIL), the minister observed the entire steelmaking process from scrap processing to production of stainless steel slabs. 'This plant reflects the true spirit of Make in India,' he said. In a high-level review meeting, discussions on boosting production capacity, addressing operational bottlenecks, and leveraging renewable energy to cut costs were held. 'Speciality steel is the future. Salem can play a key role in this with full capacity utilisation and a smart product mix,' Kumaraswamy added. He assured labour union representatives that workers' concerns would be addressed. The visit aligns with the centre's goals of achieving 300 MT steel production by 2030 and net zero emissions by 2070, he added.
Time of India
15 hours ago
- Business
- Time of India
HD Kumaraswamy reviews operations at Salem Steel Plant, calls for focus on profitability and capacity
Union Minister for Steel and Heavy Industries , HD Kumaraswamy , visited the Salem Steel Plant , a unit of the Steel Authority of India Ltd. (SAIL), where he reviewed its operations and discussed ways to enhance profitability and capacity utilisation. Kumaraswamy was received by the district administration and plant officials. He was accorded a Guard of Honour and planted a sapling on the premises, marking the visit's focus on sustainable practices. 'Steel is not just a material, it is the backbone of national development. From infrastructure to innovation, our goal is growth with responsibility,' he said during the visit. The visit aligns with Prime Minister Narendra Modi 's national vision of increasing India's steel production capacity to 300 million tonnes by 2030, achieving Net Zero emissions by 2070, and supporting the broader goal of building a developed India by 2047. Steelmaking process Kumaraswamy toured several units in the plant, observing the production cycle from scrap processing to slab casting. He visited the scrapyard, Steel Melting Shop , Electric Arc Furnace (EAF) , and slab caster , and observed operations involving the torch cutting machine and cold rolling mill. 'The level of technological sophistication and discipline I've seen here is commendable. This plant reflects the true spirit of Make in India,' the Minister stated. The EAF-based production process at Salem is part of a cleaner steelmaking approach aimed at reducing emissions in line with India's climate targets. Discussions on strategic upgrades and speciality steel The Minister also reviewed the plant's output of stainless steel products, including pipes, railway wagons, submersible pump components, coin blanks, and domestic LPG cylinder sheets. These are used across various sectors such as infrastructure, railways, defence, and energy. 'The finished products emerging from this plant touch millions of lives every day from homes to industries,' Kumaraswamy said. In a review meeting attended by the Chairman and Managing Director of SAIL, Joint Secretary (Steel), and the Executive Director of the Salem Plant, the Minister discussed plans to enhance the plant's focus on speciality steel. These products are used in applications such as defence, railways, aerospace, and engineering. 'We are committed to revitalising this strategic asset. Speciality steel is the future, and Salem Steel Plant can become more cost-efficient by using renewable energy including solar and wind. There should be full capacity utilisation and deciding on the final product mix,' he added. The Minister also met with labour union representatives and assured them of action on their concerns.
Time of India
16 hours ago
- Business
- Time of India
SAIL's Salem steel plant to adopt renewable energy, expand speciality steel output: Kumaraswamy
New Delhi: Union minister for steel and heavy industries H D Kumaraswamy on Thursday reviewed the operations of the Salem Steel Plant, a unit of Steel Authority of India Ltd (SAIL), and emphasised the need to increase capacity utilisation, expand output of speciality steel and explore renewable energy options to enhance cost efficiency. The minister, during his visit, witnessed the complete steelmaking process including scrapyard operations, steel melting through Electric Arc Furnace (EAF), slab casting and cold rolling. He was also briefed on the plant's contribution to producing stainless steel used in railways, construction, LPG cylinders, pump components and other critical infrastructure sectors. 'Steel is not just a material, it is the backbone of national development. From infrastructure to innovation, our goal is growth with responsibility,' Kumaraswamy said during the visit. He noted that the plant's EAF-based route aligns with the decarbonisation targets and supports India's Net Zero 2070 commitment. The Minister chaired a review meeting with senior officials including the Chairman and Managing Director of SAIL, Joint Secretary (Steel), Executive Director of the Salem Steel Plant and other key stakeholders. The discussion focused on addressing operational bottlenecks and scaling up the production of speciality steel, a segment critical to defence, aerospace, and railway applications. 'We are committed to revitalising this strategic asset. Speciality steel is the future, and Salem Steel Plant can become more cost-efficient by using renewable energy which includes solar and wind. There should be full capacity utilisation and deciding on the final product mix,' Kumaraswamy said. The visit is part of the Centre's broader vision to transform India into a global steel manufacturing hub, targeting 300 million tonnes of production capacity by 2030 and strengthening the country's self-reliance in high-grade steel. Kumaraswamy also met labour union representatives and assured them that their concerns would be addressed. He planted a sapling on the premises symbolising commitment to sustainable industrial development.
