In a letter to steel ministry, coal ministry has reportedly denied grant of special status to the proposed Ultra Mega Steel Plants (UMSPs) for priority allocation of coal linkages. Indian steel firms meet upto 70 percent of their demand for coking coal, used as a raw material in steel-making, through imports. The steel industry consumed 43 mn t coking coal last fiscal. By 2017, reports suggest that demand from steel plants may
Tag: UMSPs
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Ultra mega steel projects on anvil
The Ministry of Steel is planning to set up ultra mega steel plants (UMSPs) on fast track in mineral-rich states.