NMDC hosts a seminar on increasing steel consumption

New Delhi: Celebrating Azadi ka Amrit Mahotsav Iconic Week of the Ministry of Steel, NMDC Limited conducted a seminar on 'Increasing Steel Consumption' at its Head Office in Hyderabad on Wednesday. The mining major invited opinion leaders from the Iron and Steel industry, RINL's former CMD P Madhusudan; PWC's Partner Yogesh Daruka and Deloitte's Director Rajib Maitra as panel members. NMDC's Senior Management – Director (Finance) Amitava Mukherjee and CVO B Vishwanath (IRSS) encouraged the NMDC employees to participate and be interactive during the technical talk show.

"Increasing Steel Consumption – the theme of this seminar is indicative of the development aspirations of our country," said Amitava Mukherjee. Addressing the employees, he added, "As the largest producer of iron ore in India, we must measure up to the development demands of our country by enabling production and promoting consumption of steel."

As keynote speaker, Shri P. Madhusudan emphasized on, "enhancing Steel Consumption in the Rural Economy." He recommended the building of ecosystems that will demand steel such as Smart Villages and Advanced Agriculture systems as the way to increase the usage of steel in rural landscapes of India.

Daruka talked about the positioning of the mining industry in society and "the need to revamp the brand from an exploitative industry to a development industry." He then declared that this is possible when the mining majors of the country double down on ESG. He was accompanied by Shri Praveen Mishra, Director, PWC, who delved into the Iron and Steel Scenario and laid down the key enablers in achieving the New Steel Policy target – "Investment in R&D, Funding towards ESG, Policies around Consumption, and Skill Development."

"Steel is an integral element for building an Atmanirbhar Bharat," said Shri Rajib Maitra in his session. He also endorsed the increase in the use of rural steel as the way forward and said that the government policies on housing and infrastructure development penetrating in rural regions will boost the consumption of steel in our country.

NMDC Projects at Kirandul and Bacheli in Chhattisgarh, Donimalai in Karnataka, and Panna in Madhya Pradesh conducted this talk on 'Increasing Steel Consumption' in the townships and nearby villages, with 400 participants. The Ministry of Steel is celebrating the Iconic Week of Azadi ka Amrit Mahotsav from July 4 to July 10, 2022. NMDC has launched week-long awareness programmes and campaigns to encourage the consumption of steel.

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