Trade Resources Economy Massive Modernization and Expansion Plans Have Already Been Launched

Massive Modernization and Expansion Plans Have Already Been Launched

Massive modernization and expansion plans have already been launched in Steel Authority of India Limited and Rashtriya Ispat Nigam Limited for increasing the steel making capacity from 12.4 million tonne to 20.2 million tonne and from 3.0 million tonne to 6.3 million tonne per annum respectively.

These plans envisage several new facilities involving latest technology resulting in demand of additional technical and skilled manpower. The plant wise details are as under:

A. Break up of direct recruitment undertaken in SAIL

Plant 2009-10 2010-11 2011-12 2012-13 
        (upto Nov.’12)
Bhilai Steel Plant 937 154 72 256
Durgapur Steel Plant 39 164 267 58
Rourkela Steel Plant 49 95 200 494
Bokaro Steel Plant 213 237 346 698
IISCO Steel Plant 365 479 1078 295
Alloy Steel Plant 8 143 2 21
Salem Steel Plant 4 84 123 13
Visvesvaraya Iron & Steel Plant 7 30 57 53
Other Units 166 189 28 118

B. Direct employment generated in RINL

Plant 2009 2010 2011 2012 (upto 
        07.12.2012)
Visakhapatnam Steel Plant 492 662 497 405

Steel is a deregulated sector. However, Government acts as a facilitator and encourages investment in steel sector. For encouraging value addition and growth of steel sector, Government has increased export duty on iron ore from 20% to 30%.

Similarly, export duty on chrome ore has been raised from INR 3000 per tonne to 30% ad valorem and import duty on flat steel has been increased from 5% to 7.5%.

Besides modernization and expansion of existing plants of SAIL and RINL, NMDC Limited is setting up a 3 million tonne per annum green field Integrated Steel Plant at Nagarnar, District- Bastar, Chhattisgarh State. All such measures would lead to generation of employment in the sector.

Source: http://www.steelguru.com/indian_news/Employment_opportunities_in_steel_sector/297006.html
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Employment Opportunities in Steel Sector
Topics: Metallurgy