SAIL CMD Ashok Kumar Panda Reviews Expansion Projects At Rourkela Steel Plant, Stresses Safety And Value-Added Steel Production

Newsmantra — Mon, 01 Jun 2026 10:19:28 +0000

BHUBANESWAR: Steel Authority of India Limited (SAIL) CMD, Dr. Ashok Kumar Panda visited the Rourkela Steel Plant (RSP) on a two-day tour, during which he reviewed ongoing expansion activities and stressed on the importance of safety, equipment reliability and enhanced production of value-added steel. Dr. Panda arrived in Rourkela on Friday and was received at the airport by RSP Director-in-Charge Alok Verma. Senior officials, including Executive Director (Human Resources) Tarun Misra and Executive Director (Materials Management) Anil Kumar, were also present. The Central Industrial Security Force (CISF) unit of RSP accorded him a ceremonial guard of honour on arrival.

On Saturday, the SAIL chief inspected key expansion sites at the integrated steel plant, including the New Plate Mill, one of the facility’s major production units. He was accompanied by Verma, Executive Director (Works) Biswaranjan Palai and Executive Director (Projects) S. Pal Chowdhury. Following the site visit, Dr. Panda chaired a high-level review meeting at the Manthan Conference Hall, attended by RSP’s senior management, including executive directors, chief general managers, heads of departments and other officials.

Dr. Panda commended the plant’s performance and its achievements in setting production and operational benchmarks across several areas. He said the SAIL management had reposed significant confidence in RSP and expected the plant to play a pivotal role in the company’s future growth strategy. During the review, the CMD highlighted three strategic priorities for the steel major: strengthening workplace safety, maintaining equipment health to ensure operational efficiency, and increasing the production of value-added steel products to enhance competitiveness and profitability.

Director-in-Charge Alok Verma thanked the CMD for his guidance and reaffirmed the commitment of the RSP workforce to meeting the expectations of the SAIL management and contributing to the company’s long-term growth objectives.

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POSCO–JSW Steel to Invest $7.3 Billion in Odisha Steel Plant

Newsmantra — Tue, 21 Apr 2026 12:54:07 +0000

NEW DELHI. South Korea’s POSCO Group has signed a final agreement with JSW Steel to jointly invest $7.3 billion (10.7 trillion won) to set up an integrated steel plant in Odisha. Both companies will hold equal 50 percent stakes in the project, which will have an annual production capacity of 6 million tonnes and is targeted for completion by 2031. The facility will cover the entire steel manufacturing process at a single location.

The investment is part of POSCO’s strategy to expand its global supply chain and establish a strong production base in India. The development follows earlier agreements signed between the two firms in 2024 and 2025. Meanwhile, South Korean President Lee Jae Myung and Prime Minister Narendra Modi have also emphasized deeper cooperation in energy supply, trade, and emerging sectors such as critical minerals and artificial intelligence.

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SAIL CMD Ashok Kumar Panda Reviews Expansion Projects At Rourkela Steel Plant, Stresses Safety And Value-Added Steel Production

POSCO–JSW Steel to Invest $7.3 Billion in Odisha Steel Plant