Business Economy


RSP’s New Plate Mill registers significant operational milestones

Bhubaneswar, Apr 23 (UNI) The New Plate Mill (NPM) of Rourkela Steel Plant (RSP) demonstrated remarkable operational excellence in the financial year 2024–25, achieving several key milestones.
According to RSP sources, in line with Government of India guidelines, the mill successfully implemented branding of its plates by affixing 'Made in India' stickers—underscoring the nation’s emphasis on indigenous manufacturing.
In a major technical upgrade, the exit onboard descaling system was modified during the rolling of EME segment plates. This led to an increase in descaling time from 4.5 seconds to 6.5 seconds, while maintaining the same flow rate. The improvement aims to reduce red scale formation and ensure better surface quality of the plates.
The mill set a new benchmark by rolling 18,098 tonnes of 8–10 mm thick plates—the highest in any financial year—surpassing the previous year’s figure of 9,706 tonnes.
Another notable achievement was the successful rolling and dispatch of API X-70M PSL-2 grade steel plates, marking a significant comeback after a gap of four years. This highlights the mill's enhanced capability to meet stringent specifications for specialized applications.
NPM also made significant strides in energy efficiency, achieving its best-ever consumption figures: 306 Kcal/T of slabs in Specific Heat Consumption, 124 kWh/T of plates in Specific Power Consumption, and 0.66 Gcal/T of plates in Specific Energy Consumption.
Two major technological interventions were commissioned and made operational during FY 2024–25—a Forced Cooling System and a New Marking Machine—further enhancing process control and product marking capabilities.
Continuing its momentum, the New Plate Mill set a new slab rolling record of 1,809 tonnes in a single shift on April 22, 2025, surpassing the previous record of 1,792 tonnes achieved on July 30, 2023.
UNI DP SJC
More News

Microsoft denies misuse of AI, Azure in Gaza conflict

17 May 2025 | 8:24 PM

Washington, May 17 (UNI) Responding to growing concerns among employees and the public, Microsoft Corporation has stated that it found no evidence its Azure cloud or artificial intelligence technologies were used by the Israeli military to target civilians or cause harm in the ongoing conflict in Gaza.

see more..
IOB signs MoU with IIBF

IOB signs MoU with IIBF

17 May 2025 | 7:17 PM

Chennai, May 18 (UNI) The Indian Overseas Bank (IOB) signed a MoU with Indian Institute of Banking and Finance (IIBF) on Saturday for customized e-learning and certification program on MSME.

see more..
Kottayam-Kochi rubber market rates

Kottayam-Kochi rubber market rates

17 May 2025 | 3:01 PM

Kottayam, May 17 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal
Kottayam
RSS FOUR: 19650
RSS FIVE : 19250
Kochi
RSS FOUR : 19650
RSS FIVE : 19250
UNI PA BD.

see more..
Sensex soars 2876 12 points during the week

Sensex soars 2876 12 points during the week

17 May 2025 | 11:46 AM

Mumbai, May 17 (UNI) The BSE Sensex posted huge gains of 2,876.12 points or 3.62 per cent to settle at 82,330.59 during the week ended on Friday driven by easing geopolitical tensions after a ceasefire between India and Pakistan, softening retail and wholesale inflation, amid positive global cues.

see more..

ReNew to set up INR 22k Cr hybrid renewable energy project in Andhra Pradesh

17 May 2025 | 12:00 AM

Anantapur (Andhra Pradesh), May 16 (UNI) ReNew Energy Global Plc (“ReNew”), a leading decarbonisation solutions company, on Friday announced it will invest INR 22,000 crore (US $2.5 billion) to set up one of India’s largest hybrid renewable energy projects in the district.

see more..