Midhani to approach Centre for Rs. 500-cr combined steel facility.

Public sector undertaking Mishra Dhatu Nigam Limited (Midhani) would approach the Centre to invest in its proposed large greenfield facility for indigenous production of high-quality steel forge, refining and melt facility in the country.

According to Midhani, establishment of such a facility is of strategic importance to the country and also to compete with China, which has created huge capacities and was functioning as a strong base for global contractual works.

Speaking to Business Standard, Midhani chairman and managing director, Narayana Rao, said

the proposal for creating a national 17,000-tonne large common steel forge, refining and melt facility is being actively discussed by it with key players like Bhel and the Atomic Energy Board. Once finalised, it is expected to come up within a couple of years.


BS