Investment in R & D of Steel Sector

Press Release ID: 116807
Date: Wed, 11 Mar 2015
Ministry: Ministry of Steel

In order to provide accelerated thrust on Research & Development (R&D), the Ministry of Steel is encouraging R&D activities both in public and private sectors by providing financial assistance from Steel Development Fund (SDF) and Plan Fund of the Central Government.

Under the SDF scheme, 83 R&D projects have been approved with total project cost of Rs. 696.27 crore wherein SDF assistance is Rs. 389.63 crore. Some projects have already been implemented by the Steel Plants and are yielding benefits in improvement in productivity, reduction in energy consumption and pollution etc. Under the Plan Fund Scheme, 10 projects were approved with a total cost of Rs.138.10 crore wherein Government assistance is Rs.95.66 crore. These projects relate to development of technologies for beneficiation and utilisation of inferior grades of iron ore and coal and also for Improvement in quality of steel through the induction furnace.

This information was given by Minister of State Sh. Vishnu Deo Sai in reply to a question Rajya Sabha today

YSK/Uma

Related Press Releases

Search for PIB News

The contents of this website is sourced from press releases issued by the Press Information Bureau, Govt. of India. The official PIB website is at www.pib.nic.in