Ad Here  
L&T: focus on infrastructure and more infrastructure… Padma Bhushan for A Ramakrishna Welcome focus on core competence F C Kohli - his concerns all embracing Excel Generators provide the vital back-up B H Kothari - a tribute Scientists urged to take up farmer-oriented research Banning booze... Why this malaise in medical education? Fortune for Indian Airlines Why land prices zoom in TN? Delhi Chalo... Which side are you, Montek? Gay abandon in pricing Secularism and anti-Hinduism Telangana in top gear… He continues the focus on social amelioration Naidu will soon build a new Hyderabad The why of tax incentives Another Indian music maestro at the UN Polls and promises Noble nonagenarians... When the President was rendered homeless… Protest masters... CII projects higher growth… Delhi is distant… Solar thermal shines… Remembering Indira Sivasailam... Odisha: spectacular win by Naveen Patnaik No Maha Koottani in TN... IAS invades NDDB... Things happen by accident and not by design... The Swadeshi Trump Delhi returns to BJP Align crops to agro climate endowments… Editor's Says The star of Spencers is no more Kinetic Karnataka All eyes on Sankara Nethralaya Readers' Mail Increasing non co-operation of state leaders A welcome initiative by the judiciary This scant respect for Law When online building permits work…. There was flood of milk. Reason: no milk commissioner! R Sridhar steps down as CEO of Shriram Capital Tribute – M V Murugappan New IT products of Ramco in the pipeline… Contrarian cousins Should we change the official year? Eternal support for capitalisation of PS banks Shanti and Sadhana through Music Tribute – Manikam Ramaswami Building loyalty through the stomach SoA @ 80 Towards speedy justice Road development slows down ONGC at KG Basin Measuring roof tops in terms of KW/MW Editor's Notes Revving up the manufacturing sector Focus on quality of power - its only around 170-180V For whom the MIDS bell tolls? Rahman at CIC A rich pool of talent not utilised…. Cement prices continue to rise… The rise and fall of Annamalai University Dr C Rangarajan returns to Chennai Medical costs hit the roof... The nuclear option The sea- saw battle continues... Mu Sigma – is no more Online not in line with brick and mortar businesses... Modi storms Silicon Valley A proud Madrasi An informal presentation - analytical, forward locking... Solar, solar everywhere … Paytm karo... The brown list of Venkitaramanan Return to king coal for urea... Air Asia India will set new benchmarks for budget travel Moily’s bold thrust …and of a popular trade leader Kulandai was a giant IPL type auction for VCs? Making ‘my Amaravati’... TELANGANA at last…BUT Wanted: a second airport for Chennai IPL - no surprise this scam Lesson from Chandrababu Naidu Naidu’s return augurs well for Seemandhra Welcome GST Whistle-Stop Tour of Raghuram Rajan When nations steal growth from one another… TGS- The king storyteller Lalu’s envy, India’s pride Tihar, Puzhal not different from Parappana Agrahara Tatas moving out of urea production... Auto components surge… Don’t seem to feel the pulse… The ‘Ayyo-yes’ is no more A yen for wastage… GNS - 100: our first subscriber Quality education through the PPP mode No mega rail project for Tamil Nadu Fall in crude prices help in oil sector reform Roaring Ro-Ro facility When Ratan Tata visited SRM Land reclamation from sea appears cheaper! Revive development banks... No engine for this car Build close rapport with business leaders GM Technology at last! Demise of a media baron... Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai More tributes to GR The rise and rise of KCP WTO Meet: resolved to meet again EVM is tamper-proof Modi and the lady CSR and CMI: promise of another Srinivasan Ramanujan... Recognition to role of NBFCs.... Colour-Chem’s colourful KRVS London, London Narayan Sweeter prospects for sugar Streamlining mandatory third party cover S Ramanathan – a versatile musician, musicologist Sri Lanka votes for change Haul over the coal Permanent secretariat for TN GIM When small is no larger beautiful.. Strengthen the base... Music happens Shale gas and its shallow future TIAM turns a full cycle Adapt Vajpayee dinner diplomacy CRS, a jewel among managers, is no more. Poor quality of university VCs The ‘Jayanthi Tax.’ Preserving for the future Intellectual of rare qualities Breaththrough in malaria control Fuel for thought Bihar – Nitish Kumar adopts the Lalu model Not just in-laws (and outlaws); they’ve renowned academics at the helm! CIPET hqrs to stay at Guindy – for the present? PPP mode for upgrading Corporation Hospitals TN accounts for the largest recruits by the IT sector Shipping woes of Chennai companies Make standards certification mandatory... Quality silica from Neyveli Inflation: are we emulating Argentina and Brazil? Insurance companies bleeding, yet no decision on increasing FDI limit! The Jan Dhan bonanza A friendly business group Russi Mody – a tribute Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Pharma – overdose of copying Plummeting profits of PSBs More Shakthi to Das’ elbow He saved millions from starvation... Shaming of Tamils by Tamil farmers at Delhi Nuclear power at the nucleus Fortune 500 review Discoms deserve better… EEC at the National Media Centre Sweet news for TN sugar mills Five star activism stalls development activity Marketing expert Balagopal is no more The power-full Hindujas Tough task taking states together Valli, they are more marginalised Engineering seats go abegging More heat than light Bihar elections - the Rajaji formula worked Silver Years of Madras Musings When TN politicians can emulate Kerala's An inexplicable neglect Limit foreign borrowings to hi-tech, export potential projects... Mersal magnified Computation of GDP – conundrums continue Funding the un-funded How Air-India loses customs... Vibrant Gujarat The Gulf aviation boom Small units prefers to remain small... S V Raju – a ‘good’ true liberal to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Tax agriculture West Bengal: mindless malignancy Adharma of opposition politics An enemy’s enemy is a friend China invests in India Welcome thrust on trade in Modi’s foreign visits... Muffled voices for merit… MHC should not return to its old indisciplined ways Robber barons everywhere Tribute – UCAL Selvan… Wise Presidents Like Hinduism: many paths to reach God... Where is Rajaji? A think tank for Chennai A more liberated TN… Cutting the nose to spite the face Maximising the micro pricing … Delhi is distant Airlines in India: cost and space Tatas moving out of urea production... The Ports’ Pasha expands into Tamil Nadu Diamond jubilee of Egmore Samskrt School PC’s preference for professionals For whom the bell tolls? A professional at the helm of IRDA... Infrastructure funding – lessons learnt Waning interest in public discussions… Boy, can you beat these? Parliament in paralysis... Welcome changes that testify to Jayalalithaa’s return to health Come elections, come advertisements... TN-leverage strength of BHEL, NLC... Put expensive assets created to use... Multi-faceted Venkat A glass full of corruption Rs.1600 crore paper board plant of TNPL Reliance’s TV – 18 ready to launch Tamil News Channel TN – agglomerate land holdings without alienating ownership Convulsions in The Hindu The few handicaps... Liberal imports idling indigenous capacities Gas is the way forward Alexa – Talking Wikipedia More Shakti to resource mobilisation... The balancing act A Grand Finale for SN’s MS centenary at the US… A C Muthiah – his munificent bequeaths to science Poor representation for Kerala and TN in Cabinet Where a state respects its litterateurs… Of course, Gujarat is vibrant Cleaning Ganga – relocate tanneries and install electric crematoria Kudos to NDTV... L&T- the specialty of special purpose vehicles Tribute Godspeed, Chief Minister JJ A Grand Finale for SN’s MS centenary at the US…
An inexplicable neglect

The Rashtriya Ispat Nigam Ltd (RINL) is among the prestigious steel producers of the country. It was set up with multi country collaboration with the Russians taking care of iron and steel making and the Americans supplying sophisticated rolling mills. Long products, extensively used by the construction industry, have been produced by RINL, which has capacity to produce 13,000 tonnes per day. Operations of this first port-based steel plant have been quite healthy: during 2013-14 with a turnover of Rs 13,527 crore  and a profit of Rs 366 crore.

IE has been reporting on RINL for 43 years – right from the time the then Prime Minister Indira Gandhi laid the foundation stone in January 1971. I have, therefore, been deeply disturbed by the extensive damage suffered by the plant through the visitation of the cyclone Hudhud. Chief Minister Naidu told Prime Minister Modi that the damage to the plant was Rs 700 crore.  He also reported that the furnaces, cut off power by grid failures, had the molten liquid iron and steel, solidified. This would require re-building the entire furnaces anew.

I wonder why the essential step of anticipating the risk and shutting down the furnace in a planned manner was not taken. After all the meteorology   department had predicted accurately the landfall point for the cyclone at Visakhapatnam city three days earlier. The country has 107 years of experience in steel making starting with the Tatas. SAIL itself has over five decades of experience. We have thousands of steel technologists serving in India and abroad. Two of the largest global steel producers, Arcelor Mittal and Tata Corus, are owned by Indian  business tycoons.

How can the country afford such a colossal neglect?


Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236