PM dedicates India's largest blast furnace plant to nation

May 10, 2015

Burnpur (West Bengal), May 10: Prime Minister Narendra Modi on Sunday dedicated to the nation the upgraded IISCO Steel Plant (ISP), that houses the country's largest blast furnace and has been modernised by the central government at a cost of Rs.16,000 crore.India blast furnace

After modernisation, the plant's production capacity has increased from 0.85 million tonnes per annum (mtpa) to 2.9 mtpa.

"With immense joy I dedicate to the nation the modernised and expanded IISCO steel plant in Burnpur," Modi said at the function, attended by West Bengal Governor K.N.

Tripathi, Chief Minister Mamata Banerjee, union Minister of State for Steel Narendra Singh Tomar, union Minister of State for Urban Development Babul Supriyo, senior bureaucrats and eminent persons.

Describing the prime minister together with all the chief ministers as "Team India", Modi said the plant showcased that centre and states together can solve all issues.

"This modern plant is an example of how Team India will take the country forward. This plant which was sick, is now standing powerfully on its feet. If the chief minister (Banerjee), the state (West Bengal) government had created hurdles, this wouldn't have been possible.

"This is the effort of team India that we are dedicating this plant to the country," said Modi at the function held at Asansol Polo Ground in Burdwan district.

Tomar said ISP has been reborn.

"(It) has the nation's largest blast furnace with a capacity to produce 2.9 million tonnes of steel. In times to come, the capacity of this steel plant will be increased," he said, adding India plans to attain a capacity to produce 300 million tonnes of steel by 2025 to meet industry demand.

"SAIL has set a target to achieve a production capacity of 50 million tonnes. As its capacity increases, West Bengal will benefit from it," he said.

The minister said the Durgapur steel plant of SAIL in the same district is also very old. "When the expansion and modernisation phase of the Durgapur plant starts, there will be an investment of Rs.35,000 crore in West Bengal."

Banerjee urged the central government to speed up the process of expanding SAIL's operations in Durgapur.

She recalled that there were talks of privatising IISCO in the past."This made the IISCO workers very downcast. In 1998, when we were supporting from outside the first NDA government of Atal Bihari Vajpayee, we had asked for a Bengal package. There we demanded that IISCO be modernised. It was then that the project was approved. The work that began in 2006-7 has now been completed."

Banerjee's Trinamool Congress said on its official Twitter handle that the state government has given 3,000 acres of land for the modernisation of the IISCO plant and another project by SAIL.

Indian Iron and Steel Company (IISCO) was taken over by the central government in 1972 as part of a nationalisation drive and made a fully-owned subsidiary of SAIL in 1978. It was thereafter renamed ISP.

The revamped plant in Burnpur is spread across 953 acres. It is the fifth integrated steel plant of SAIL.

A statement from SAIL said: "The modernised and expanded plant would produce high quality steel rebars including earthquake-resistant grades, wire rods and universal sections, including parallel flanged beams, for fulfilling the need of India's growing infrastructure and construction sector."

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 19,2020

New Delhi, Mar 19: Hit hard by coronavirus, budget carrier IndiGo today announced that it will cut salaries of senior employees. IndiGo CEO Ronojoy Dutta, who will himself take a 25% cut in salary, said senior vice presidents and above are taking a 20% pay cut while vice presidents and cockpit crew are taking a 15% pay cut.

With precipitous drop in revenues, the very survival of airline industry is now at stake, Dutta said while announcing the pay cut. "We have to pay careful attention to our cash flow so that we do not run out of cash," Dutta said adding that he knew how hard it was for families to take a cut in "take-home pay".

"With a great deal of reluctance and a deep sense of regret, we are therefore instituting pay cuts for all employees, excluding Bands A and B, starting April 1, 2020," the chief executive officer said. Band A and B are the lowest brackets in salary class, where most of the employees are.

IndiGo's flight operations chief Ashim Mitra had written an email to pilots this morning saying that the economic environment has deteriorated significantly and no airline is insulated from this severe downturn.

"It has become a necessity to initiate some tough calls and we are working on a string of measures that will be shared and implemented over the next few days and weeks," Mitra said.

With countries sealing their borders partially or fully across the world due to the novel coronavirus pandemic, aviation sector has been hit extremely hard as most airlines globally have drastically curtailed their flight operations.

Another budget airline GoAir has already terminated contracts of expat pilots amid curtailed operations due to the coronavirus pandemic.

Citing "unprecedented" decline in air travel, the budget carrier announced it was suspending international operations and offering leave without pay programme to its staff on a rotational basis.

Government-owned Air India may also cut salary of employees by 5% amid its growing financial woes particularly in the wake of the coronavirus pandemic, which has nearly grounded its entire international operations. The reduction will be across the board, according to a PTI report.

The loss-making airline, which is in the process of a second attempt of privatization after failing to get a single buyer nearly two years ago, has already taken some steps such as reduced flying allowances to cabin crew besides withdrawing entertainment allowance to executive pilots, among others.

“Air India is considering a 5 per cent pay cut to its employees as it faces huge financial crisis due to the ongoing coronavirus outbreak, which has brought almost its entire international operations save the US, Canada and a few other markets, to the ground," a source told news agency.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
May 31,2020

New Delhi, May 31: Indian aviation regulator DGCA on Saturday said the suspension of scheduled international commercial passenger flights will continue till midnight on June 30, hours after the Home Ministry announced fresh guidelines pertaining to the countrywide lockdown to contain the coronavirus pandemic.

"It is once again reiterated that foreign airlines shall be suitably informed about the opening of their operations to or from India in due course," the circular issued by the Directorate General of Civil Aviation (DGCA) said.

Domestic passenger flight services resumed in the country from Monday after a hiatus of two months since the lockdown was announced on March 25, when all scheduled commercial passenger flights were suspended in India. International flights continue to remain suspended even now.

The Home Ministry on Saturday said 'Unlock-1' will be initiated in the country from June 8 under which the nationwide lockdown effectuated on March 25 will be relaxed to a great extent, including opening of shopping malls, restaurants and religious places, even as strict restrictions will remain in place till June 30 in the country's worst pandemic-hit areas.

International air travel shall remain suspended, the MHA order said, adding that a decision on when to resume it would be taken after making an assessment of the situation.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 1,2020

Prayagraj,  April 1: Seven Indonesian nationals, one person from Kolkata and one from Kerala who had attended the event at Delhi's Nizamuddin Markaz have been put under quarantine, informed SP (City) Prayagraj, Brijesh Kumar Srivastava on Wednesday.

"Seven Indonesian nationals, one person from Kolkata and one from Kerala, were found at Abdullah mosque here. During the investigation, it was found that they had attended the Markaz gathering in Delhi. These people, along with 28 people who came in contact with them, have been quarantined." he said.

"A case has also been registered against them for not informing the police on reaching here," he added.

Earlier, Delhi Health Minister Satyendar Jain had said that the officials are not certain of the accurate number of people who participated in the event but it is being estimated that 1,500-1,700 people had assembled at the Markaz building.

The religious gathering was held at the Markaz building in Nizamuddin between March 13 and March 15.

The total number of active cases rose to 1466 in the country, while 132 people have been cured and discharged after receiving treatment, as of 9 am.

The number of deaths due to the infection also rose to 38, while one person has migrated.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.