New Delhi: On 6th May, The Steel Ministry is in the process of facilitating setting up of special purpose vehicles (SPVs) with mineral-rich states of Odisha, Chhattisgarh, Jharkhand and Karnataka, Parliament was informed.
Besides, state-owned iron ore miner NMDC's wholly-owned steel plant in Nagarnar (Chhattisgarh), which is being set up with an investment of Rs 15,525 crore, will be operational by December 2016, Minister of State for Steel and Mines Vishnu Deo Sai said in a written reply to the Rajya Sabha.
"The Ministry of Steel is facilitating setting up of SPVs in mineral-rich states of Odisha, Chhattisgarh, Jharkhand and Karnataka," he added.
The minister added that NMDC Steel, which is being developed by the state-owned iron ore miner, will produce 3 million tonnes per annum (MTPA) of steel.
"The steel plant will have production capacity of 3 MTPA with the likely date of commissioning as December 2016," Sai informed the House.
In a separate query, the minister told the Rajya Sabha that India's per capita consumption of total finished steel stood at 60.3 kg, according to provisional figures for 2014-15, compared with a world average of 219 kg in 2013, as per the figures of the World Steel Association.
"One of the reasons for a higher per capital consumption of steel in developed countries is due to higher level of infrastructure and industrial development as compared to developing countries," Sai added.
