Bhubaneswar: Eleven steel companies have temporarily shut down operations in the state while several others are yet to achieve their full installed capacity, Steel and Mines Minister Prafulla Mallick made the announcement in the Assembly Friday. He said the running and closing down of steel plants depended on market demands.
The plants which are temporarily shut down are Action Ispat and Power, Deepak Steel and Power, Jain Steel and Power, Maheswari Ispat, MSP Metallics, Orissa Sponge Iron and Steel, Rathi Steel and Power, Thakur Prasad Sao and Sons, Concast Steel and Power, Sree Metallics
and Orion Ispat.
The minister said that out of 47 steel projects, several others had not achieved full production of installed capacity. While the total installed capacity of the projects was 28.25 million tonnes per annum (mtpa), they together had achieved 9.95 mtpa in 2015-16 and 13.391 mtpa in 2016-17, he added.
PNN
