New Delhi: India’s capacity for crude steel production rose to 78 million tonnes (mt) in 2010-11, up 7.2% from 72.76mt in the previous year, a press release from the government showed on Monday.
The output of crude steel was 68.32mt during 2010, it added.
“To enhance the productivity, efficiency and competitiveness of the steel sector, a number of innovative research and development proposals and research projects were approved at a cost of Rs 442 crore,” the statement said.
It also said that the government was drafting a National Steel Policy that would outline a five-year strategy for the steel sector.
A policy paper on research and development has also been prepared with special focus on beneficiation, coal ash reduction and promotion of high grade value added steel in the country, it added.