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After much back and forth, the Steel Authority of India, under directives from the Steel Ministry, is finally going to revive the Jagdishpur steel unit in Amethi, Uttar Pradesh.
Addressing a press conference to highlight his Ministry three-year report card, Union Minister for Steel, Chaudhary Birender Singh, said: “The steel plant in Jagdishpur may be functional within two months.”
Taking a jibe at his former party, the Congress, Singh said projects were announced but work was not completed in steel plants at Jagdishpur in Uttar Pradesh, Betia in Bihar and Kangra in Himachal Pradesh. These projects will now be revived within two months to one year, he said.
In 2011, former Steel Minister Beni Prasad Verma in the Congress-led UPA-II government had announced plans to invest up to ₹10,000 crore in the unit.
BusinessLine had reported in May 2015 that the Narendra Modi-led NDA government had pulled the plug on budgetary support for the Jagdishpur steel unit’s revival. The Outcome Budgets for 2011-12, 2012-13 and 2013-14 show that every year a certain amount was sanctioned for the revival work at Jagdishpur. However, this support was stopped in 2014-15.
Singh also said that work on reviving the Kangra project had been going on and the project would manufacture TMT bars, JC sheets, crash barriers and black pipes. He said RINL’s Rai Bareli plant could be taken up for upgradation as well.
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