Speed Post News Network
New Delhi : Union Steel Minister Ram Chandra Prasad Singh chaired a meeting here on September 14, 2021, to review the progress of capital expenditure (CAPEX) by Steel CPSEs.
Faggan Singh Kulaste, Minister of State; Pradip Kumar Tripathi, Secretary, Steel; and the CMDs of Steel CPSEs 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, according to a PIB release.
During the detailed review of projects under implementation, Union Steel Minister Singh emphasised the importance of capital expenditure in building steel infrastructure to spur high and sustainable growth in the post pandemic period. The Steel CPSEs were directed to step up the pace of their CAPEX and to also streamline the processes for timely completion of projects.