Employment News : Employment Opportunities in Steel Sector

Massive modernisation and expansion plans have already been launched in Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) for increasing the steel making capacity from 12.4 million tonne to 20.2 million tonne and from 3.0 million tonne to 6.3 million tonne per annum respectively.  These plans envisage several new facilities involving latest technology resulting in demand of additional technical and skilled manpower.  The plant-wise details are as under:-

Steel is a deregulated sector.  However, Government acts as a facilitator and encourages investment in steel sector.  For encouraging value addition and growth of steel sector, Government has increased export duty on iron ore from 20% to 30%.  Similarly, export duty on chrome ore has been raised from Rs.3000/t to 30% ad valorem and import duty on flat steel has been increased from 5% to 7.5%. Besides modernisation and expansion of existing plants of SAIL and RINL, NMDC Limited is setting up a 3 mtpa green field Integrated Steel Plant at Nagarnar, District- Bastar, Chhattisgarh State.  All such measures would lead to generation of employment in the sector.