India, Feb. 11 -- The Government of India issued the following news release:
Capex of Rs. 5,700 crore and Rs. 7,500 crore have been approved for SAIL for financial years 2024-25 and 2025-26 respectively. Capex includes expenditure against Milestone payments for completed schemes, progress payment for on-going schemes, Capital Repair/Spares and SAIL's portion in capital expenditure in Joint Ventures.
Steel industry has filed petitions to initiate investigations concerning imports with the designated authority on imports of flat steel products, CRNO and hot rolled coils.
Steel is a de-regulated sector and the government acts as a facilitator by creating a conducive policy environment for the development of steel sector. Decisions regarding...