Steel cos bag Rs 8,129-cr or­ders from PSUs

India Business Journal - - PUBLIC SECTOR -

Gov­ern­ment PSUs and the Min­istry of Rail­way have placed or­ders for iron and steel to the tune of Rs 8,129 crore with do­mes­tic man­u­fac­tur­ers be­tween June 2017 and Oc­to­ber 2018, the

Min­istry of Steel has said. It has added that with such place­ment of or­ders, de­mand for do­mes­tic iron and steel prod­ucts have wit­nessed a sub­stan­tial growth. The spurt in or­ders is seen as pro­vid­ing a big boost to the gov­ern­ment's Make In In­dia drive. These prod­ucts were ear­lier im­ported but are now be­ing pro­cured from do­mes­tic pro­duc­ers, the min­istry has said, added that ef­forts made by the Steel Min­istry to boost or­ders are fi­nally bear­ing fruit.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.