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Construction : Exclusive Report | December 2013 | Source : Construction Update

Major steel companies involved in R & D

Union Minister of Steel Beni Prasad Verma has said that major steel companies like Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) in the public sector and Tata Steel Limited, JSW Steel Limited, Essar Steel Limited and Jindal Steel & Power Limited in the private sector are engaged in research and development (R&D) work in the iron and steel sector in the country. In a written reply in the Lok Sabha on December 10 Verma said, there have been substantial achievements from the R&D programmes pursued by the companies. The research helped pertaining to raw materials upgradation and improvement in process/ technology, products and productivity. The R&D activity has also aided in development of new products & improvement in quality, and improvement in energy consumption & environment management. The Minister said, according to information available from RINL, total budget allocation earmarked for R&D in the 12th Five Year Plan is Rs. 335 crore. No such budget allocation has been earmarked for the 12th Five Year Plan by other companies.
 
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