Union Steel Minister Reviews Capital Expenditure (CAPEX) Of Steel CPSUs

Minister emphasizes the importance of capital expenditure in building steel infrastructure to spur high and sustainable growth in post pandemic period

Union Steel Minister, Shri Ram Chandra Prasad Singh chaired a meeting here today to review the progress of capital expenditure (CAPEX) by Central Steel Public Sector Undertakings (PSUs). Shri Faggan Singh Kulaste, Minister of State, Shri Pradip Kumar Tripathi, Secretary Steel and the CMDs of Steel CPSUs viz. Steel Authority of India Ltd. (SAIL), National Mineral Development Ltd. (NMDC), Rashtriya Ispat Nigam Ltd. (RINL), Kudremukh Iron Ore Company Ltd. (KIOCL) and Manganese Ore (India) Ltd. (MOIL) and senior officers of the Ministry of Steel attended the meeting.

During the detailed review of projects under implementation, the Union Minister emphasized the importance of capital expenditure in building steel infrastructure to spur high and sustainable growth in the post pandemic period. The Steel CPSUs were directed to step up the pace of their CAPEX and to also streamline the processes for timely completion of projects.

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