Steel and Mines Minister Prafulla Mallick made the announcement in the Assembly. He said the running and closing down of steel plants depended on market demands.
The plants which are temporarily shut down are Action Ispat and Power, Deepak Steel and Power, Jain Steel and Power, Maheswari Ispat, MSP Metallicks, Orissa Sponge Iron and Steel, Rathi Steel and Power, Thakur Prasad Sao and Sons, Concast Steel and Power, Sree Metalicks and Orion Ispat.
The minister said that out of 47 steel projects, several others had not achieved full production of installed capacity.
While the total installed capacity of the projects was 28.25 million tonnes per annum (mtpa), they together had achieved 9.95 mtpa in 2015-16 and 13.391 mtpa in 2016-17, he added.
Officials in the steel and mines department said four companies -- Posco India, ArcellorMittal, Maharastra Seamless and Sterlite Iron and Steel Company -- had withdrawn the projects they wantedto set up in Odisha.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
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