Steel Minister directs PSUs to make non-operational mines functional
Union Steel Minister Ram Chandra Prasad Singh on Friday directed PSUs under his ministry to start mining activity at their non-operational mines.
Union Steel Minister Ram Chandra Prasad Singh on Friday directed PSUs under his ministry to start mining activity at their non-operational mines.
According to a steel ministry statement, the minister made these remarks at a meeting with CMDs of Steel Authority of India Limited (SAIL), NMDC and Manganese Ore India Limited (MOIL).
See Zee Business Live TV Streaming Below:
"Steel Minister has expressed his concern over the non-operationalisation of certain mines...And directed the concerned CPSEs to finalise the roadmap for starting the mining operations in these non-working leases/mines," the ministry statement said.
During the meeting, in which senior officials of the Ministry of Mines were also present, Singh directed the steel PSUs to expedite regulatory compliances to avoid lapsing of the leases of the mines.
The CPSEs have been directed to submit a status report at the earliest to Minister, it said.
While SAIL is an integrated steel making company under the Ministry of Steel, NMDC and MOIL are into mining of various types of minerals mainly iron ore and manganese ore.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
IRCTC Dividend 2024: Railway PSU announces 200% interim dividend - Check record date and other details
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
08:43 PM IST