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Budget’s 35% capex jump to Rs 7.5 trillion underscores appetite for infrastructure steel

Budget’s 35% capex jump to Rs 7.5 trillion underscores appetite for infrastructure steel

Industry News
Feb 04,22

As per the Economic Survey released by the finance ministry, the performance of the steel industry is pivotal to the growth of the economy.

Budget’s 35% capex jump to Rs 7.5 trillion underscores appetite for infrastructure steel

New Delhi:

As per the Economic Survey released by the finance ministry, the performance of the steel industry is pivotal to the growth of the economy. India's crude steel production increased 25 per cent year-on-year to 66.91 million tonne during April-October period of 2021-22 and during the period, the country's output of finished steel registered a year-on-year (y-o-y) growth of 28.9 per cent to 62.37 MT, while the consumption of the same grew 25 per cent to 57.39 MT.

The countdown begins for the most prestigious event the 5th Edition of MAKE IN STEEL Conference and Awards to be held on 23rd February, 2022 at The Lalit, New Delhi. The unique and one-of-its-kind event has been conceptualized as a premier event for the structural steel industry. This event will bring together structural engineers, steel manufacturers and fabricators. The event is oraganised by FIRST Construction Council and CONSTRUCTION WORLD magazine.

The 5th Edition of MAKE IN STEEL Conference and Awards with the theme Ã¢â‚¬Å“Gearing up for Sustainable Steel in IndiaÃ¢â‚¬Â offers three interactive panel discussions, thought provoking industry keynotes. Along with the practical agenda, the conference also offers a close look at the innovative and sustainable products available in India today.

To connect better with its stakeholders, the organisers will present Ã¢â‚¬ËœThe MAKE in STEEL AWARDSÃ¢â‚¬â„¢. Awards are presented to the companies to appreciate and acknowledge their financial success story and contribution to the growth of the steel sector in two categories Ã¢â‚¬â€œ Fastest Growing Steel Companies in Large & Small Category.

In 2022, two new award categories have been instituted, viz;

MAKE IN STEEL PERSON OF THE YEAR - To felicitate the heroes of Steel Industry who have made remarkable achievements this year and, through their efforts, propelled the company, organization and industry forward
LIFETIME ACHIEVEMENT AWARDS - A special recognition to the individuals who have provided outstanding service to the steel industry for the sustained period of years and have a significant impact on a large number of individuals and organisations.

Following esteemed members associated with the steel industry were part of the Jury that selected the winners:

Aditya Sharma, Director - Highways & Structures, Ramboll India
Ajay Hans, CEO, Welspun Enterprises
Amit Sharma, Managing Director & CEO, Tata Consulting Engineers
Pahuja, President, Indian stainless steel development association
KVB Reddy, Managing Director, L&T Metro Rail
Mahesh Mudda, NCCL
Rajeev Sherry, Managing Director, Outokumpu India
YS Trivedi, Sr VP & Member of Executive Committee, Head - Heavy Engg, Member of Board, L&T Special Steels & Heavy Forgings

With over 10,000 downloads of TMT REBAR RESEARCH REPORT 2.O, the next edition of the report will be launched at the Make in Steel conference. This report helps users make informed decisions on how to evaluate TMT rebars.

The FIRST Construction Council (FCC) is an infrastructure think tank, focused on providing the latest updates on the construction industry in India and dedicated to promoting its causes and needs. The Council provides a platform to promote the adoption of best practices and be the torchbearer for all policy initiatives that are needed to enhance the importance and welfare of the construction industry. FCC also seeks to become a prominent industry voice.

For registration log on to: https://www.firstconstructioncouncil.com/Events/makeinsteel/

Or Call: Siddhant: +91 84229 87407